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Emerging Markets of South-East and Central Asia: Do They Still Offer a Diversification Benefit?

  • Christian L. Dunis
  • Gary Shannon
Chapter

Abstract

The benefits to the domestic investor from diversifying internationally have been documented widely; see, for example, Grubel (1968), Levy and Sarnat (1970), Lessard (1973), Solnik (1974) and Solnik and Noetzlin (1982). A belief widely held by academics and practitioners is that a portfolio should be well diversified to maximise potential risk-adjusted performance.

Keywords

Stock Market Sharpe Ratio Vector Error Correction Model Stock Market Return Cointegrating Vector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Editor(s) 2016

Authors and Affiliations

  • Christian L. Dunis
    • 1
    • 2
    • 3
  • Gary Shannon
    • 3
  1. 1.Centre for International Banking, Economics and Finance (CIBEF)JMULiverpoolUK
  2. 2.School of Accounting, Finance and EconomicsLiverpool John Moores UniversityUK
  3. 3.CIBEFUK

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