International Portfolio Diversification The Role Of Risk And Return
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Author | : César Calderón |
Publisher | : |
Total Pages | : 37 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download International Portfolio Diversification: the Role of Risk and Return Book in PDF, Epub and Kindle
Author | : Theodore Michael Johnson |
Publisher | : |
Total Pages | : 148 |
Release | : 1989 |
Genre | : Business enterprises |
ISBN | : |
Download International Portfolio Diversification Book in PDF, Epub and Kindle
Author | : Francois-Serge Lhabitant |
Publisher | : Elsevier |
Total Pages | : 276 |
Release | : 2017-09-26 |
Genre | : Mathematics |
ISBN | : 0081017863 |
Download Portfolio Diversification Book in PDF, Epub and Kindle
Portfolio Diversification provides an update on the practice of combining several risky investments in a portfolio with the goal of reducing the portfolio's overall risk. In this book, readers will find a comprehensive introduction and analysis of various dimensions of portfolio diversification (assets, maturities, industries, countries, etc.), along with time diversification strategies (long term vs. short term diversification) and diversification using other risk measures than variance. Several tools to quantify and implement optimal diversification are discussed and illustrated. Focuses on portfolio diversification across all its dimensions Includes recent empirical material that was created and developed specifically for this book Provides several tools to quantify and implement optimal diversification
Author | : Martin L. Leibowitz |
Publisher | : John Wiley & Sons |
Total Pages | : 313 |
Release | : 2010-03-02 |
Genre | : Business & Economics |
ISBN | : 0470608447 |
Download The Endowment Model of Investing Book in PDF, Epub and Kindle
A cutting-edge look at the endowment model of investing Many larger endowments and foundations have adopted a broadly diversified asset allocation strategy with only a small amount of traditional U.S. equities and bonds. This technique, known as the "endowment model of investing," has demonstrated consistent long-term performance and attracted the attention of numerous institutional and individual investors. With The Endowment Model of Investing Leibowitz, Bova, and Hammond take a closer look at the endowment model with customary research sophistication and attention to detail. Throughout the book, they examine how the model provides truly outstanding real returns, while keeping a close eye on the risks associated with this method of investing. Along the way, the authors offer practical advice on incorporating the endowment model into your own investment endeavors and reveal what it takes to make this method work in the real world. Details the growing debate about the endowment model of investing and discusses how to use it successfully Written by an authority on endowment investing and non-traditional asset allocation strategies Offers expert insights on understanding risk and return in non traditional asset allocation If you want to gain a better grasp of one of the most successful forms of investing, then The Endowment Model of Investing is a book you need to read.
Author | : A. Brooks-Senftleben |
Publisher | : |
Total Pages | : 56 |
Release | : 1994 |
Genre | : Investments, Foreign |
ISBN | : |
Download International Portfolio Diversification Book in PDF, Epub and Kindle
Author | : Tetsufumi Yamakawa |
Publisher | : |
Total Pages | : 436 |
Release | : 1992 |
Genre | : |
ISBN | : |
Download International Portfolio Diversification, Asset-return Determination and Foreign Exchange Risk Premium Under Uncertainty Book in PDF, Epub and Kindle
Author | : Amir Andrew Amadi |
Publisher | : |
Total Pages | : 226 |
Release | : 2004 |
Genre | : |
ISBN | : |
Download Three Essays in International Portfolio Diversification Book in PDF, Epub and Kindle
Author | : Raj S. Dhankar |
Publisher | : |
Total Pages | : |
Release | : 2019 |
Genre | : Electronic books |
ISBN | : 9788132239499 |
Download Risk-return Relationship and Portfolio Management Book in PDF, Epub and Kindle
This book covers all aspects of modern finance relating to portfolio theory and risk-return relationship, offering a comprehensive guide to the importance, measurement and application of the risk-return hypothesis in portfolio management. It is divided into five parts: Part I discusses the valuation of capital assets and presents various techniques and models used in this context. Part II then addresses market efficiency and capital market models, particularly focusing on measuring market efficiency, which is a crucial factor in making correct investment decisions. It also analyzes the major capital market models like CAPM and APT to determine to what extent they are suitable for use in developing economies. Part III highlights the significance of risk-return analysis as a prerequisite for investment decisions, while Part IV examines the selection and performance appraisals of portfolios against the backdrop of the risk-return relationship. It also examines new tools such as the value-at-risk application for mutual funds and the applications of the price-to-earnings ratio in portfolio performance measurement. Lastly, Part V explores contemporary issues in finance, including the relevance of Islamic finance in the increasingly volatile global financial system.
Author | : Mr.Garry J. Schinasi |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 1999-10-01 |
Genre | : Business & Economics |
ISBN | : 1451855796 |
Download Portfolio Diversification, Leverage, and Financial Contagion Book in PDF, Epub and Kindle
Models of “contagion” rely on market imperfections to explain why adverse shocks in one asset market might be associated with asset sales in many unrelated markets. This paper demonstrates that contagion can be explained with basic portfolio theory without recourse to market imperfections. It also demonstrates that “Value-at-Risk” portfolio management rules do not have significantly different consequences for portfolio rebalancing and contagion than other rules. The paper’s main conclusion is that portfolio diversification and leverage may be sufficient to explain why investors would find it optimal to sell many higher-risk assets when a shock to one asset occurs.
Author | : Onousa Boontanorm |
Publisher | : |
Total Pages | : 72 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download International Diversification Opportunities for Real Estate Investment Portfolios Book in PDF, Epub and Kindle
This thesis explores the topic of diversification opportunities in international real estate, with focus on private real estate markets in developed countries. In examining the characteristics of returns and interrelatedness between international real estate, stocks and bonds markets from the time period spanning 2000 to 2009, we find that 2008 was the only year within the past decade in which several countries saw synchronized negative returns on a calendar year basis in the stocks and real estate markets, and even so the synchronized negative returns was only experienced by half of the countries within the 10-country opportunity set. The amplitude of the peak to trough drop in the cumulative value of the assets was small in real estate on average relative to that of stocks. These findings suggest that investors' should benefit from holding international real estate within their portfolios, even in an extreme down market. Modern portfolio theory is used to analyze and compare ex-ante diversification opportunities in international real estate, stocks and bonds and domestic diversification opportunities for the three asset classes from the perspectives of U.S. and European investors. We project expected returns for each of the markets and used historical risks (volatility) from the 2000-2009 period as estimates for volatility. When returns are calculated in local currencies, international diversification in the real estate portfolio (diversified within a 10-country opportunity set) should help U.S. investors substantially improve their portfolio risk-return efficiency relative to domestic diversification (within a 6-metropolitan area opportunity set), as the markets within the U.S. domestic opportunity set provide unattractive risk-return efficiency and their movements are highly correlated. By contrast, European investors will benefit less from the same international diversification strategy relative to domestic diversification (within 5 Eurozone countries) as several Eurozone markets are able to provide considerable risk-return efficiency and low correlations can be found in some pairs of markets. Applying home bias and limits on exposure to any single country i.e. country caps to the portfolio allocation helps to balance the allocation weights for the investor's portfolio but also significantly limits the investor's ability to take advantage of diversification opportunities provided by the international markets. When returns are calculated in the investors' domestic currencies, additional currency risk increases the portfolio volatility without providing additional expected return, reducing diversification benefits of international real estate. Even so, international diversification potential to U.S. investors should still be considerable, while that to European investors' should be minimal.