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International Diversification in Brazilian Equity Mutual Funds: Understanding Asset Allocation to Emerging and Developed Countries
Latin American Business Review Pub Date : 2019-09-18 , DOI: 10.1080/10978526.2019.1661780
Janaína Cássia Grossi 1 , Rodrigo Fernandes Malaquias 1
Affiliation  

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.

中文翻译:

巴西股票共同基金的国际多元化:了解对新兴国家和发达国家的资产分配

摘要本文旨在研究新兴市场和发达市场资产中的共同基金国际多元化战略与基金绩效和风险之间的关系。从我们的数据分析中,我们可以勾画出共同基金国际多元化的全景。目前,多元化程度较低,集中在美国股票上。实证结果表明,就增加回报和降低风险而言,国际多元化有一定的好处,特别是对于持有发达市场股票的巴西共同基金而言。
更新日期:2019-09-18
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