Unexploited Gains from International Diversification : Patterns of Portfolio Holdings around the World

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...

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Bibliographic Details
Main Authors: Didier, Tatiana, Rigobon, Roberto, Schmukler, Sergio L.
Format: Journal Article
Language:en_US
Published: MIT Press 2013
Subjects:
financial integration
firm organization
globalization
international asset allocation
mutual fund portfolios
risk diversification
Online Access:http://hdl.handle.net/10986/16213

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