Unexploited Gains From International Diversification: Patterns Of Portfolio Holdings Around The World
Using unique data on mutual fund portfolios with different investment scopes, we study the extent of international diversification. Mutual funds invest in a surprisingly limited number of stocks—about 100. The number of holdings from a given region declines as the investment scope broadens. Moreover...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
MIT Press
2014
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| Online Access: | http://hdl.handle.net/1721.1/85901 https://orcid.org/0000-0002-9054-3804 |