Improved investment performance using the portfolio diversification index
The residual variance method is the traditional method for measuring portfolio diversification relative to a market index. Problems arise, however, when the market index itself is not appropriately diversified. A diversification measurement (Portfolio Diversification Index), free from market index i...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
AOSIS
2012-04-01
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Series: | Journal of Economic and Financial Sciences |
Subjects: | |
Online Access: | https://jefjournal.org.za/index.php/jef/article/view/311 |