资产定价与投资组合理论 asset pricing and portfolio theory.pptVIP

LECTURE 6 : INTERNATIONAL PORTFOLIO DIVERSIFICATION / PRACTICAL ISSUES (Asset Pricing and Portfolio Theory) Contents International Investment Is there a case ? Importance of exchange rate Hedging exchange rate risk ? Practical issues Portfolio weights and the standard error Rebalancing Introduction The market portfolio International investments : Can you enhance your risk return profile ? Some facts US investors seem to overweight US stocks Other investors prefer their home country ? Home country bias International diversification is easy (and ‘cheap’) Improvements in