Optimal Portfolio Analysis for the Czech Republic, Hungary and Poland During 2001– 2006 Period

George Xanthos () and Dikaios Tserkezos ()
Additional contact information
George Xanthos: Technical Institute of Crete
Dikaios Tserkezos: Department of Economics, University of Crete, Greece

No 813, Working Papers from University of Crete, Department of Economics

Abstract: This paper examines the strategy of investing in selected East European stock markets: The Czech Republic, Hungary, and Poland. These stocks markets are representative of the emerging stock markets of Eastern Europe and examined from the perspective of an investor who invests solely in the Eastern European markets. International Portfolio investment gradually increased during the late 2000’s in this region. Four portfolio construction techniques were used including the Markowitz mean-variance analysis. The optimal portfolios are evaluated using standard selection criteria and it is shown that possessing a diversified international portfolio which includes some of the aforementioned stock markets is beneficial.

Keywords: Portfolio diversification; Markowitz Mean Variance Frontier; Eastern European Countries. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-tra
Date: 2007, Revised 2008

Forthcoming in The Journal of Financial Decision Makers, Volume 5

Downloads: (external link)
http://economics.soc.uoc.gr/wpa/docs/OPTIMAL_PORTOFOLIO_JFDM.pdf Revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:crt:wpaper:0813

Access Statistics for this paper

More papers in Working Papers from University of Crete, Department of Economics
Contact information at EDIRC.
Series data maintained by Kostis Pigounakis ().