Time-varying effects of diversification moderated by market conditions on mutual fund performance in the ASEAN market: Thailand, Malaysia, and Singapore

• Main Authors: Elbinias, Jose Miguel, Oposa, Jaime Agustin, Pulido, Giana Francesca, Cuartero, Rene D.
• Format: text
• Published: Animo Repository 2021
• Subjects: Portfolio management—Southeast Asia; Mutual funds—Southeast Asia; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/9468
• Institution: De La Salle University

Markowitz’ modern portfolio theory posits that diversification is a key financial strategy to produce consistent maximum returns in financial securities such as mutual funds. However, recent literature suggest that this consistent maximum returns could not be generated due to the complex nature of m...