{"title":"International Diversification in Brazilian Equity Mutual Funds: Understanding Asset Allocation to Emerging and Developed Countries","authors":"Janaína Cássia Grossi, R. Malaquias","doi":"10.1080/10978526.2019.1661780","DOIUrl":null,"url":null,"abstract":"Abstract The aim of this article is to investigate the relationship between mutual fund international diversification strategy in assets from emerging and developed markets, and fund performance and risk. From our data analysis we are able to sketch a panorama of the international diversification of mutual funds. Currently, diversification is low and concentrated in US stocks. The empirical finding suggests there are certain benefits to international diversification in terms of increased returns and reduced risk, especially for Brazilian mutual funds holding developed market stocks.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1661780","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Latin American Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10978526.2019.1661780","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract The aim of this article is to investigate the relationship between mutual fund international diversification strategy in assets from emerging and developed markets, and fund performance and risk. From our data analysis we are able to sketch a panorama of the international diversification of mutual funds. Currently, diversification is low and concentrated in US stocks. The empirical finding suggests there are certain benefits to international diversification in terms of increased returns and reduced risk, especially for Brazilian mutual funds holding developed market stocks.
期刊介绍：
Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.
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