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International Diversification: An Ex Post and Ex Ante Analysis of Possible Benefits

International Diversification: An Ex Post and Ex Ante Analysis of Possible Benefits In 1972 the Australian Federal Government partially relaxed exchange controls prohibiting overseas portfolio investment by Australian investors. The purpose of this paper is to examine the benefits which might have accrued to Australian investors over the period 1970 to 1977 had they been able to take full advantage of international diversification. The analysis is carried out on both an ex post and ex ante basis and looks at both “Markowitz” and “naive” diversification strategies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Journal of Management SAGE

International Diversification: An Ex Post and Ex Ante Analysis of Possible Benefits

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Publisher
SAGE
Copyright
Copyright © by SAGE Publications
ISSN
0312-8962
eISSN
1327-2020
DOI
10.1177/031289628100600106
Publisher site
See Article on Publisher Site

Abstract

In 1972 the Australian Federal Government partially relaxed exchange controls prohibiting overseas portfolio investment by Australian investors. The purpose of this paper is to examine the benefits which might have accrued to Australian investors over the period 1970 to 1977 had they been able to take full advantage of international diversification. The analysis is carried out on both an ex post and ex ante basis and looks at both “Markowitz” and “naive” diversification strategies.

Journal

Australian Journal of Management – SAGE

Published: Jun 1, 1981

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