RT Journal Article
SR Electronic
T1 Time to Stay Home? <em>Global Diversification during</em>
               <br/>
               <em>the Past 25 Years</em>
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 37
OP 45
DO 10.3905/jwm.2017.20.1.037
VO 20
IS 1
A1 Stephen E. Christophe
YR 2017
UL https://pm-research.com/content/20/1/37.abstract
AB Over the past 25 years, as financial markets have become increasingly integrated, the role of foreign equities in a well-diversified portfolio has become increasingly uncertain. We present evidence that a globally diversified portfolio underperforms, on average, a U.S.-only allocation. Investors should not be overly optimistic about the potential benefits of international portfolio diversification.TOPICS: Portfolio theory, portfolio construction, global, performance measurement