International diversification of the funds management industry

Jenny Diggle, Robert Brooks and John Shannon

Applied Economics Letters, 1999, vol. 6, issue 10, 663-667

Abstract: One of the main benefits that has flowed from increasing capital markets liberalization has been the opportunities that this has provided to facilitate international diversification. This paper aims to determine the benefits of the asset allocation process undertaken by fund managers in 15 countries. The benefits analysed are whether the fund managers have added value to their portfolios by generating higher risk adjusted returns. In addition, the minimum risk portfolios are determined for the international markets represented by the 15 countries and a minimum risk benchmark is constructed. The analysis was conducted using data from 1983 to 1993 and the data were provided by the Union Bank of Switzerland Asset Management Group (UBSAM).

Date: 1999
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:apeclt:v:6:y:1999:i:10:p:663-667

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048599352466

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().