World , Country , and Industry Relationships in Equity Returns Implications for Risk Reduction Through International Diversification

@inproceedings{Lessard2005WorldC,
  title={World , Country , and Industry Relationships in Equity Returns Implications for Risk Reduction Through International Diversification},
  author={Donald R. Lessard},
  year={2005}
}
The growing awareness fhat different national equity markets often perform very differenfly in any given period has led to increased investor interest in international diversification of investment portfolios. It appears that at least for fhe U.S., however, fhis interest has not been translated intt> much actual foreign portfolio investment. One reason tor this may be the relative novelty of toreign investment and the special problems it poses. Equity investing in international markets ditfers… CONTINUE READING
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