Economic value of portfolio diversification: Evidence from international multi-asset portfolios
We examine alternative approaches of measuring portfolio diversification, and test the empirical relation between diversification and the future risk-adjusted performance in a crosssection of international multi-asset portfolios. We use the Woerheide and Persson measure as a weight-based diversifica...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2017-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1304.pdf
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