Performance of International Portfolio Diversification Strategies: The Viewpoint of German and Hungarian Investors
Year: 1999
Author: Bugár, Gyöngyi, Maurer, Raimond
Credit and Capital Markets – Kredit und Kapital, Vol. 32 (1999), Iss. 4 : pp. 581–609
Abstract
In this paper, we study the benefits derived from international diversification of stock portfolios from the German as well as the Hungarian perspective. Seen from an ex post perspective the benefits for Hungarian investors from internationally diversified portfolios accrue in terms of reduction in risk while for German investors the benefits accrue also in terms of higher expected returns. By examining the performance of several ex ante strategies the paper also gives evidence of the benefits of international diversification for both countries. (JEL G11, G15)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.32.4.581
Credit and Capital Markets – Kredit und Kapital, Vol. 32 (1999), Iss. 4 : pp. 581–609
Published online: 1999-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 29
Author Details
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