A review of recent developments in international portfolio selection
This review begins with a foundation for inspection of the potential gains from international diversification by citing the results of the seminal works in the area. From that point, the review examines recent ex-post studies, adaptation to currency risk, consideration of bond investment, the development of ex-ante strategies, and the consideration of market imperfections. The prevailing impression from this review is that international investment can potentially provide superior performance to solely domestic investment. However, it is a matter of developing the correct strategy to exploit the opportunities. Copyright Kluwer Academic Publishers 1993
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