George Xanthos () (Technical Institute of Crete) Dikaios Tserkezos () (Department of Economics, University of Crete, Greece)
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.
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Publisher Info
Paper provided by University of Crete, Department of Economics in its series Working Papers with number
0813.
Length: 23 pages Date of creation: 00 2007 Date of revision:
00 2008 Publication status: Forthcoming in The Journal of Financial Decision Makers, Volume 5 Handle: RePEc:crt:wpaper:0813