IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v6y1999i10p663-667.html
   My bibliography  Save this article

International diversification of the funds management industry

Author

Listed:
  • Jenny Diggle
  • Robert Brooks
  • John Shannon

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).

Suggested Citation

  • Jenny Diggle & Robert Brooks & John Shannon, 1999. "International diversification of the funds management industry," Applied Economics Letters, Taylor & Francis Journals, vol. 6(10), pages 663-667.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:10:p:663-667
    DOI: 10.1080/135048599352466
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/135048599352466&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/135048599352466?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eduardo Roca & Victor Wong, 2008. "An analysis of the sensitivity of Australian superannuation funds to market movements: a Markov regime switching approach," Applied Financial Economics, Taylor & Francis Journals, vol. 18(7), pages 583-597.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:6:y:1999:i:10:p:663-667. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.