Estudio de las posibilidades de inversión en los mercados frontera

Study of the possibilities of investment in the frontier market

Álvaro Cuervo Valledor, Adolfo Pérez Mena, Miguel Vicente López and Rosalía Calvo Clúa ()

MPRA Paper from University Library of Munich, Germany

Abstract: The concept of frontier market is still ambiguous and subjective, but utilizes to define a group of emergent markets characterized by to be few liquids and with a little capitalization, but with certain access to the international capitals. In the work that we develop next will study the concept of frontier market, characteristics, weakness, threat, advantages and opportunities that the markets represent for a potential investor, the main vehicles available for that, and, finally, the benefits of the inclusion of the frontier market in a portfolio with different compositions of frontier, emergent and developed markets. Between other conclusions that will exposed in detail, we can indicate that in the period of study 2003-2015, the main profits are obtained in the portfolios with participation of frontier and emergent markets, more great in first with values of final period of 250 and 247, respectively, in front of values of 225 for the index of portfolios with participation of the developed markets.

Keywords: Investment; international financial markets. (search for similar items in EconPapers)
JEL-codes: G11 G15 (search for similar items in EconPapers)
Date: 2016-09-09
New Economics Papers: this item is included in nep-sog
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/73618/1/MPRA_paper_73618.pdf original 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: https://EconPapers.repec.org/RePEc:pra:mprapa:73618

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().