Browse our collection of papers in
Portfolio Theory Dissertations

C/F/37. EQUITY PORTFOLIO MANAGEMENT: CRITICAL SUCCESS FACTORS (International Diversification, Country versus Sector Allocation)

WORDS:
19000
DATE:
2003
PRICE:
189.99 GBP

The present study aims to examine different benefits from portfolio diversification, namely International diversification, the effects of EMU on country versus sector allocation, and the relative significance of country and industry factors in the determination and the dynamics of European returns. In particular, using a data set of portfolios consisting of 11 European countries and 10 industrial sectors, it was applied the Heston and Rouwenhorst (1994) and Griffin and Karolyi (1998). The analysis shows that the country effect is the basic determinant of heterogeneity of returns and is stronger than the industry effect. This implies that a hypothesis of European financial integration is not compatible with the information conveyed by the data. Finally, the implication for portfolio managers is that diversification benefits can be exploited by diversifying across countries.

 

KEYWORDS: f, equity, portfolio, management, critical, success, factors, international, diversification, country, versus, sector, allocation,

DOWNLOAD THIS PAPER DOWNLOAD THE REFERENCE LIST
 
Other Papers On: Portfolio Management
Other Papers On: Portfolio Theory Dissertations
Other Papers On: Portfolio Theory Dissertations

CUSTOM WRITING

Can't find what you are looking for? Click here to order a custom written paper

Subject Catalogue

Keywords Tag Cloud

portfolio diversification dissertation management proposal rates managed effects risk exchange fund investing funds relative returns australia return investment cyprus past years changes outline costs securities efficient camp measuring tail country versus sector allocation international factors equity critical success european countries dependence selection economic c conditional industries dynamic correlation gains
GET OUR GooGLE TOOLBAR BUTTON
Click here
BOOK MARK US
WHAT OTHERS
HAVE SAID
Thanx for the paper. I got it and would like to have few more in the future. G.Patel