International Diversification with Large- and Small-Cap Stocks

• المؤلفون الرئيسيون: EUN, Cheol S., HUANG, Wei, LAI, Sandy
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2008
• الموضوعات: Finance and Financial Management; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/578; https://doi.org/10.1017/S0022109000003604
• المؤسسة: Singapore Management University

To the extent that investors diversify internationally, large-cap stocks receive the dominant share of fund allocation. Increasingly, however, returns to large-cap stocks or stock market indices tend to comove, mitigating the benefits from international diversification. In contrast, stocks of locall...