{"product_id":"international-stock-portfolio-von-suthinee-suangtho","title":"International Stock Portfolio","description":"\u003cp\u003eWith the liberalization of capital markets and  globalization, international security and portfolio  investment has developed rapidly in recent years.  This book examines the benefits from a UK  perspective of diversifying into stocks traded on  other developed and emerging market stock exchanges.  The empirical study provides a mean-variance analysis  of international portfolios over the period between  July 1995 and July 2005. It focuses on the  correlation of returns across a sample of stock  exchanges, providing estimates of the correlations as  well as testing statistically the stability of these  correlations over time.     The empirical results demonstrate that an investor  from the UK would have benefited from holding an  international portfolio, especially one made up of  securities drawn from emerging markets over the  period examined. Although an international  diversification effect exists, it is unstable as the  correlations of returns fluctuate over time and past  relationships are not necessarily an accurate guide  to the nature of future relationships.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844394658\"\u003e\u003ch3\u003eand Market Correlations\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844394658","offer_id":39493479071837,"sku":"9783844394658","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/39e94bd9-750a-4adf-a85b-092ef1d4a57f.jpg?v=1757913448","url":"https:\/\/shop.autorenwelt.de\/products\/international-stock-portfolio-von-suthinee-suangtho","provider":"Autorenwelt Shop","version":"1.0","type":"link"}