The covariation of South African and foreign equity returns during bull and bear runs : implications for portfolio diversification
This study examines the pattern of covariation of the industrial index returns of South Africa and foreign industrial sectors. This follows recent increase in national equity correlations and increases in the influence of industry effects in portfolio diversification. The covariation pattern in retu...
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| Format: | Others |
| Language: | English |
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Rhodes University
2009
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| Online Access: | http://hdl.handle.net/10962/d1002678 |