Category

share

International Diversification and the Currency Hedging Decision

International Diversification and the Currency Hedging Decision

 

Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 
₹ 3,651

Availability: Out of stock

 

Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
 

This book investigates how U.S. investors can benefit from international diversification and how currency hedging affects internationally diversified portfolios. Based on data from 2004-2010, international hedged and unhedged efficient frontiers are formatted. Two optimization processes are performed, using twenty national stock index portfolios and fifteen currencies. Moreover, three different hedging strategies are tested. The results show that hedging one individual country index portfolio leads in general to lower levels of standard deviation (risk), but also to lower level of excess returns. Furthermore, in the presence of short sales constraints, there is evidence that U.S. investors, who diversify their portfolios in developed and emerging markets simultaneously, should hedge their exchange rate exposure for low levels of risk, but not for higher levels of risk. When comparing the unitary hedging strategy to the Black''s universal hedging strategy, the unitary hedging strategy performs slightly better.

Product Specifications
SKU :COC69238
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08
0 Review(s)