Are International Portfolio Diversification Opportunities Decreasing? Evidence from Principal Component Analysis
I use Principal Component Analysis to create an index of portfolio diversification- a quantifiable measure of diversification opportunities offered to US investors by financial markets abroad. The index is estimated for three market clusters: developed, emerging, and world (emerging and developed...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/4983 |