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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ravinder Kumar Arora & Pramod Kumar Jain & Himadri Das, 2011. "International Diversification Through Emerging Market Investment: Selection of Appropriate Portfolio Strategy," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 14(04), pages 737-749.
    • Handle: RePEc:wsi:rpbfmp:v:14:y:2011:i:04:n:s021909151100238x
    DOI: 10.1142/S021909151100238X
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    Citations

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    Cited by:

    1. Sulaiman Al-Jassar & Imad A. Moosa, 2020. "Country Effects, Industry Effects and the Effectiveness of International Diversification Within the GCC Region," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 1-18, January.
    2. Wan-Jiun Paul Chiou & Vigdis W Boasson, 2015. "International Variations in the Benefits of Feasible Diversification Strategies," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1-38, December.

    More about this item

    Keywords

    Emerging markets; portfolio investment; diversification; efficient frontier;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

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