The Effect of Extreme Markets on the Benefits of International Portfolio Diversification
Author | : Daniella Acker |
Publisher | : |
Total Pages | : 34 |
Release | : 2016 |
ISBN-10 | : OCLC:1306258595 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book The Effect of Extreme Markets on the Benefits of International Portfolio Diversification written by Daniella Acker and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the effects of bull and bear markets on correlations between developed and emerging country equity returns, and on the benefits of combining international markets in a portfolio. Contrary to most other studies we find that correlations fall in both bull and bear markets, although far more in the former; that emerging markets provide both additional diversification benefits for investors in developed markets and, especially, some protection during bear markets.