International Portfolio Diversification and Multilateral Effects of Correlations
收藏NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17907
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Not only are investors biased toward home assets, but when they do invest abroad, they appear to favor countries with returns more correlated with home assets. Often attributed to a preference for familiarity, this correlation puzzle further reduces effective diversification. However, a multi
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美国国家经济研究局创建时间：
2012-03-01
