IDEAS home Printed from
   My bibliography  Save this paper

L'or coté à Paris et la diversification des portefeuilles français de 2004 à 2009


  • Thi Hong Van Hoang

    (Laboratoire Orléanais de Gestion)


L’objectif de cet article est d’étudier le rôle de l’or coté à Paris (physique et papier) dans la diversification des portefeuilles français durant la période 2004 à 2009. Les résultats obtenus montrent que l’or coté à Paris est peu corrélé avec les actions et les obligations françaises. De même, l’introduction de l’or dans un portefeuille boursier français permet de réduire le risque et d’augmenter la rentabilité de celui-ci. Par conséquent, l’or permet d’améliorer significativement la frontière efficiente ainsi que la performance de ce portefeuille. La proportion de l’or (physique ou papier) à inclure pour minimiser le risque des portefeuilles est de 2% à 5%. Par ailleurs, l’or physique est plus efficace que l’or papier (fonds-or) dans la diversification de portefeuille. De même, l’or (physique ou papier) est plus efficace dans un portefeuille d’actions que dans un portefeuille d’obligations.

Suggested Citation

  • Thi Hong Van Hoang, 2010. "L'or coté à Paris et la diversification des portefeuilles français de 2004 à 2009," Working Papers 2010-4, Laboratoire Orléanais de Gestion - université d'Orléans.
  • Handle: RePEc:log:wpaper:2010-4

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Marc Nikitin, 2000. "The birth of modern public sector accounting in France and Britain," Working Papers 2000-1, Laboratoire Orléanais de Gestion - université d'Orléans.
    2. repec:dau:papers:123456789/8722 is not listed on IDEAS
    3. Pierre Labardin & Marc Nikitin, 2009. "Accounting and the words to tell it: an historical perspective," Accounting History Review, Taylor & Francis Journals, vol. 19(2), pages 149-166.
    4. repec:dau:papers:123456789/5345 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item


    L’or; le marché de l’or à Paris; diversification de portefeuille; corrélation; frontière efficiente; performance de portefeuille;

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    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:log:wpaper:2010-4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Philippe Paquet). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.