International Diversification Through Emerging Market Investment: Selection of Appropriate Portfolio Strategy

Ravinder Kumar Arora (), Pramod Kumar Jain () and Himadri Das ()
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Ravinder Kumar Arora: International Management Institute, B-10, Qutab Institutional Area, New Delhi, India
Pramod Kumar Jain: Department of Management Studies, Indian Institute of Technology, New Delhi, India
Himadri Das: International Management Institute, India

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2011, vol. 14, issue 04, 737-749

Abstract: The main purpose of this paper is to compare the performance of portfolio strategies, comprising investments in emerging markets alone, and those strategies of combining investment in emerging and developed markets. The major finding of this paper is: the portfolio strategy combining investment in emerging markets with that in developed markets does not offer any additional value over a portfolio strategy confining investments to the emerging markets only. This paper, therefore, recommends a strategy that emphasizes country selection from emerging markets alone.

Keywords: Emerging markets; portfolio investment; diversification; efficient frontier (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S021909151100238X

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