Results 221 to 230 of about 64,708 (263)

International diversification of the funds management industry

Applied Economics Letters, 1999
One of the main benefits that has flowed from increasing capital markets liberalization has been the opportunities that this has provided to facilitate international diversification. This paper aims to determine the benefits of the asset allocation process undertaken by fund managers in 15 countries.
Jenny Diggle, Robert Brooks, John Shannon   +2 more
openaire   +1 more source

The Performance, Risk, and Diversification of Sector Funds

Financial Analysts Journal, 1997
Sector funds' self-imposed limits on diversification have both costs and benefits. Sector funds tend to perform as well as other equity funds, but their performance tends to be sensitive to the benchmark that is used. In addition, sector-fund managers do not exhibit any significant persistence in performance. Although sector funds tend to be moderately
Ajay Khorana, Edward Nelling
openaire   +1 more source

Index funds and diversification in Saudi Arabia

International Journal of Islamic and Middle Eastern Finance and Management, 2009
PurposeThe purpose of this paper is to investigate how best to diversify in Saudi Arabia's stock market.Design/methodology/approachThe analysis proceeds as follows: first, repeated sampling with replacement from a sample of 62 actual companies' monthly stock returns from January 2001 to June 2006 is used to simulate the performance of various portfolio
Hicham Benjelloun, Abdulkader M.A. Abdullah   +1 more
openaire   +1 more source

Diversification into Art Mutual Funds

2007
Mutual funds have become a popular structure for investors seeking exposure to financial markets. With thousands of funds in operation, it is unsurprising that mutual funds have become the largest means of investment in the USA, with almost $7.5 trillion of assets held at the beginning of 2004.1 The structure provides investors with an opportunity to ...
Rachel Campbell, Joshua Pullan
openaire   +1 more source

Diversificating the Undiversified Mutual Fund World

SSRN Electronic Journal, 2011
One of the major advantages of Equity mutual funds is that they allow retail investors to attain a diversified portfolio, which could not be easily obtained buying individual stocks. Our results indicate that mutual funds are not totally diversified; they hold a significant part of idiosyncratic risk and, in general, retail investors do not hold ...
David Moreno, Rosa Rodríguez
openaire   +1 more source

Market structure and diversification of mutual funds

Journal of Financial Markets, 2003
Abstract This study characterizes a systematic relationship between the diversification incentives and the market structure of the mutual funds industry with investors differentiated by their attitude towards risk. With sufficiently low competition the subgame perfect portfolio equilibrium exhibits maximal risk differentiation.
Oz Shy, Rune Stenbacka
openaire   +1 more source

Ultrametricity in Hedge Fund Selection and Fund of Funds Diversification

2003
Minimum market transparency requirements impose Hedge Fund (HF) managersto use the statement declared strategy in practice. However each declared strategy may actually origin a multiplicity of implemented management decisions. Is then the ”actual ”strategy the same as the ”announced” strategy?
MICELI, Maria Augusta, Gabriele Susinno
openaire   +1 more source

Exchange Traded Funds: Impact on Diversification

Journal of Finance Issues, 2009
The diversification potential of iShares is investigated by using sixteen iShares representing two different regions. VAR is used to detect both bidirectional relations between iShares and indexes and regional relations within iShares and indexes. Though iShares do capture information from their home markets, they also have an impact on their home ...
openaire   +1 more source

The Diversification Properties of Hedge Fund Investments

SSRN Electronic Journal, 2004
The assets invested in hedge funds globally have increased dramatically over recent years. While at the beginning of the 90s less than 50 billion US dollars were invested in hedge funds, it is estimated that at the end of 2003 the total amount committed to hedge funds stood at close to 700 billion US dollars.
openaire   +1 more source

Diversification of portfolios in Canadian investment funds.

2011
Diversification is a desirable characteristic of a well balanced investment portfolio. By diversifying investments over -a number of assets, one has a better chance of maintaining overall stability of capital and earning power. Prior to the development of the Markowitz theory, diversification had always been an intuitive process for most investment ...
openaire   +1 more source