Increasing input information and realistically measuring potential diversification gains from international portfolio investments

This study extends the study of international portfolio diversification benefits in two dimensions. First, it is based on iShares, assets actually available for investment, rather than on national indices, and, second, it incorporates long-term measures into the decision-making process. Basic findin...

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Published in:Global finance journal 2004-01, Vol.15 (2), p.197-217
Main Authors: Phengpis, Chanwit, Swanson, Peggy E.
Format: Article
Language:English
Subjects:
Diversification
Global investing
International finance
International portfolio performance
iShares
Portfolio management
Studies
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description This study extends the study of international portfolio diversification benefits in two dimensions. First, it is based on iShares, assets actually available for investment, rather than on national indices, and, second, it incorporates long-term measures into the decision-making process. Basic findings include the following: (1) evaluating diversification gains based on indices overstates actual attainable benefits, (2) including consideration of long-term relationships can improve diversification gains, and (3) investing in emerging and developing markets does not provide benefits of the magnitude found in earlier studies covering earlier time periods.
doi_str_mv 10.1016/j.gfj.2004.03.001
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subjects Diversification
Global investing
International finance
International portfolio performance
iShares
Portfolio management
Studies
title Increasing input information and realistically measuring potential diversification gains from international portfolio investments
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