Unexploited Gains from International Diversification : Patterns of Portfolio Holdings around the World
Using unique data on mutual fund portfolios with different investment scopes, we study the extent of international diversification. Mutual funds invest in a surprisingly limited number of stocks—about 100. The number of holdings from a given region declines as the investment scope broadens. Moreover...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Language: | en_US |
| Published: |
MIT Press
2013
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16213 |