haku: @indexterm BIAS / yhteensä: 138
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Tekijä:Antoniou, A.
Olasupo, O.
Paudyal, K.
Otsikko:Equity home-bias: a suboptimal choice for UK investors?
Lehti:European Financial Management
2010 : JUN, VOL. 16:3, p. 449-479
Asiasana:bias
stock markets
portfolio management
diversification
stochastic dominance
markets
integration
United Kingdom
Vapaa asiasana:home bias
home-made diversification
suboptimal choice
investors
international portfolio diversification theory
assets
Kieli:eng
Tiivistelmä:This paper examines whether British investors need to diversify their portfolios internationally to gain performance benefits from international markets or can they obtain these benefits by mimicking the portfolios with domestically traded assets. The results confirm that it is possible to mimic the performance of foreign equity with domestic equity. In fact,the pay-offs from homemade portfolios outperform those from international portfolios regardless of the periodic variation in the overall performance of the UK market vis-à-vis foreign markets.
SCIMA tietueen numero: 272521
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