Dynamic gains of Including emerging markets assets in an international diversified portfolios
Using a utility based measure and under a conditional mean-variance framework this paper analyzes the economic value of diversifying into emerging market. Depending on risk tolerance characteristics, the value of diversifying into emerging equity markets is estimated to be between 100 and 300 annual...
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| Language: | en |
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2010
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| Online Access: | http://hdl.handle.net/10915/3351 http://www.depeco.econo.unlp.edu.ar/maestria/tesis/026-tesis-orlandi.pdf http://sedici.unlp.edu.ar/handle/10915/3351 |