U.S. Investors' Emerging Market Equity Portfolios

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451875762
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis U.S. Investors' Emerging Market Equity Portfolios by : Ms.Hali J. Edison

Download or read book U.S. Investors' Emerging Market Equity Portfolios written by Ms.Hali J. Edison and published by International Monetary Fund. This book was released on 2003-12-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected, that at a point in time U.S. portfolios are tilted towards firms that are large, have fewer restrictions on foreign ownership, or are cross-listed on a U.S. exchange. The size of the cross-listing effect is striking. In contrast to the well-documented underweighting of foreign stocks, emerging market equities that are cross-listed on a U.S. exchange are incorporated into U.S. portfolios at full international capital asset pricing model (CAPM) weights. Our results suggest that information asymmetries play an important role in equity home bias and that the benefits of international risk sharing are limited to select firms.

U.S. Investors` Emerging Market Equity Portfolios A Security-Level Analysis

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Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis U.S. Investors` Emerging Market Equity Portfolios A Security-Level Analysis by : Hali J. Edison

Download or read book U.S. Investors` Emerging Market Equity Portfolios A Security-Level Analysis written by Hali J. Edison and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected, that at a point in time U.S. portfolios are tilted towards firms that are large, have fewer restrictions on foreign ownership, or are cross-listed on a U.S. exchange. The size of the cross-listing effect is striking. In contrast to the well-documented underweighting of foreign stocks, emerging market equities that are cross-listed on a U.S. exchange are incorporated into U.S. portfolios at full international capital asset pricing model (CAPM) weights. Our results suggest that information asymmetries play an important role in equity home bias and that the benefits of international risk sharing are limited to select firms.

U.S. Investors' Emerging Market Equity Portfolios

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451920369
Total Pages : 32 pages
Book Rating : 4.9/5 (23 download)

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Book Synopsis U.S. Investors' Emerging Market Equity Portfolios by : Mr. Francis E. Warnock

Download or read book U.S. Investors' Emerging Market Equity Portfolios written by Mr. Francis E. Warnock and published by INTERNATIONAL MONETARY FUND. This book was released on 2003-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected, that at a point in time U.S. portfolios are tilted towards firms that are large, have fewer restrictions on foreign ownership, or are cross-listed on a U.S. exchange. The size of the cross-listing effect is striking. In contrast to the well-documented underweighting of foreign stocks, emerging market equities that are cross-listed on a U.S. exchange are incorporated into U.S. portfolios at full international capital asset pricing model (CAPM) weights. Our results suggest that information asymmetries play an important role in equity home bias and that the benefits of international risk sharing are limited to select firms.

Portfolio Investment Flows to Emerging Markets

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4./5 ( download)

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Book Synopsis Portfolio Investment Flows to Emerging Markets by : Sudarshan Gooptu

Download or read book Portfolio Investment Flows to Emerging Markets written by Sudarshan Gooptu and published by World Bank Publications. This book was released on 1993 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investing in Emerging Fixed Income Markets

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 9780471218364
Total Pages : 392 pages
Book Rating : 4.2/5 (183 download)

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Book Synopsis Investing in Emerging Fixed Income Markets by : Frank J. Fabozzi, CFA

Download or read book Investing in Emerging Fixed Income Markets written by Frank J. Fabozzi, CFA and published by John Wiley & Sons. This book was released on 2002-03-22 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: An investor's guide to capitalizing on opportunities in the fixed income markets of emerging economies The fixed income market in emerging countries represents a new and potentially lucrative area of investment for professionals, but with great risk. Investing in Emerging Fixed Income Markets shows investors how to identify solid investment opportunities, assess the risk potential, and develop an investment approach to enhance long-term returns. Contributors to this book, among the leading experts from around the world, share their insights, advice, and knowledge on a range of topics that will help investors make the right decisions and choices when dealing with emerging fixed income markets. This fully updated and revised edition of the Handbook of Emerging Fixed Income and Currency Markets is the best guide for navigating the complicated world of emerging fixed income markets. Efstathia Pilarinu (Strasbourg, France) is a consultant specializing in the derivatives and emerging market fixed income areas. She has worked for several major Wall Street firms, including Salomon Brothers, Bankers Trust, Societe General. She has a doctorate degree and an MBA in finance from the University of Tennessee and an undergraduate degree in mathematics from the University of Patras, Greece. John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles--which include numerous bestsellers--The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series. Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.

Emerging Market Portfolio Flows

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513559222
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Emerging Market Portfolio Flows by : Mr.Serkan Arslanalp

Download or read book Emerging Market Portfolio Flows written by Mr.Serkan Arslanalp and published by International Monetary Fund. This book was released on 2015-12-17 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called “benchmark effect.” This paper finds that benchmark-driven investors indeed play a large role in a key segment of the market—the EM local currency government bond market—, accounting for more than one third of total foreign holdings as of end-2014. We find that the prominence of these investors declined somewhat after the May 2013 taper tantrum, but remain high. This distinction is important in understanding the drivers of EM capital flows and their sensitivity to different types of shocks. In particular, a high share of benchmark-driven investors may result in capital flows that are more sensitive to global shocks and less sensitive to country factors.

The Little Book of Emerging Markets

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Publisher : John Wiley & Sons
ISBN 13 : 1118153812
Total Pages : 226 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis The Little Book of Emerging Markets by : Mark Mobius

Download or read book The Little Book of Emerging Markets written by Mark Mobius and published by John Wiley & Sons. This book was released on 2012-04-24 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The information you need to invest in emerging markets, in one Little Book The world's economies are in a state of flux. The traditional dominance of the G7 countries is being challenged by emerging market nations like Brazil and India, and while investment opportunities in these countries abound, the risks can be extremely high. In this Little Book, Mark Mobius, an internationally-renowned expert on emerging market funds, explains the ins and outs of emerging market investment, providing practical guidance on picking industries and companies likely to win, and explaining why policies and regulations matter as much as balance sheets, how to recognize global contenders, techniques for managing risk, and how to get out at the right time. The emerging markets are expected to be a key driver of future global economic growth, and with The Little Book of Emerging Markets in hand, you have everything you need to take full advantage of these incredible opportunities. Explains how to pick the industries and companies mostly likely to boom, why policies and regulation are key to making intelligent investment decisions, how to recognize genuine opportunities, and much more Includes invaluable techniques for managing your risk Shows you how to get your money in and out of emerging markets without being burned The Little Book of Emerging Markets is the perfect little guide to the world's most exciting investment opportunities.

U.S. Equity Investment in Emerging Stock Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis U.S. Equity Investment in Emerging Stock Markets by : Linda Louise Tesar

Download or read book U.S. Equity Investment in Emerging Stock Markets written by Linda Louise Tesar and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Are Institutional Investors an Important Source of Portfolio Investment in Emerging Markets?

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4./5 ( download)

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Book Synopsis Are Institutional Investors an Important Source of Portfolio Investment in Emerging Markets? by : Punam Chuhan

Download or read book Are Institutional Investors an Important Source of Portfolio Investment in Emerging Markets? written by Punam Chuhan and published by World Bank Publications. This book was released on 1994 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major institutional investors in five industrial countries invest cautiously, and very little, in emerging market securities. But only in Germany are regulations on foreign investment a significant constraint.

Cross-Border Listings, Capital Controls, and U.S. Equity Flows to Emerging Markets

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451875703
Total Pages : 44 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Cross-Border Listings, Capital Controls, and U.S. Equity Flows to Emerging Markets by : Ms.Hali J. Edison

Download or read book Cross-Border Listings, Capital Controls, and U.S. Equity Flows to Emerging Markets written by Ms.Hali J. Edison and published by International Monetary Fund. This book was released on 2003-12-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze capital flows to emerging markets in a framework that incorporates two quantitative measures of financial integration, the intensity of capital controls and the extent of cross border listings, while controlling for traditional global (push) and country specific (pull) factors. Two important results emerge. First, the cross listing of an emerging market firm on a U.S. exchange is an important but short lived capital flows event, suggesting that the cross listed stock is in effect a new security that U.S. investors quickly bring into their portfolios. Second, the effect of financial liberalization on capital flows is more nuanced than is suggested by event studies: A reduction in capital controls results in increased inflows only when the controls are binding. Among the standard push and pull factors, global factors are important-slack U.S. economic activity is associated with increased flows to emerging markets-and U.S. investors appear to chase expected, but not past, returns.

Emerging Market Portfolios

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Author :
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Emerging Market Portfolios by : Michael G. Papaioannou

Download or read book Emerging Market Portfolios written by Michael G. Papaioannou and published by Irwin Professional Publishing. This book was released on 1997 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging Market Portfolios presents a framework for effective risk management in emerging capital markets. The many difficulties and opportunities encountered are presented in detail, including historical patterns of development in emerging equity markets; profit and safety through recommended portfolio allocation methods; issues of volatility and cointegration in investment decisions; availability of derivative instruments, and recent developments in derivative pricing; and unexpected barriers to using financial risk management tools. Emerging Market Portfolios explores the potential of adapting and applying the analytical tools of modern portfolio theory to emerging markets investment. Hedging strategies and vehicles are presented and analyzed, areas of higher risk-adjusted return potential are identified and state-of-the-art research on asset and derivative pricing is presented. Emerging Market Portfolios is a thorough, expert analysis of emerging market investment and risk control, with emphasis on applicable diversification and hedging strategies.

Getting Started in Emerging Markets

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0471436682
Total Pages : 222 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Getting Started in Emerging Markets by : Christopher Poillon

Download or read book Getting Started in Emerging Markets written by Christopher Poillon and published by John Wiley & Sons. This book was released on 2001-05-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: How every investor can seize the huge potential of overseas emerging markets This book offers a clear roadmap to navigating emerging markets. In clear terms every investor can understand, it explains what an emerging market is, why investors should invest in them, and what the risks are in particular markets, including Latin America, East Asia, and China. The book offers a systematic process that can be easily followed for successful investing in emerging markets.

Private Equity Investing in Emerging Markets

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Author :
Publisher : Springer
ISBN 13 : 1137435356
Total Pages : 280 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Private Equity Investing in Emerging Markets by : R. Leeds

Download or read book Private Equity Investing in Emerging Markets written by R. Leeds and published by Springer. This book was released on 2015-12-05 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the author's four decades of experience as a practitioner and academician working with private equity investors, entrepreneurs, and policymakers in over 100 developing countries around the world, this book uses anecdotes and case studies to illustrate and reinforce the key arguments for private equity investment in emerging economies.

Institutional Investors and Asset Pricing in Emerging Markets

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145184171X
Total Pages : 25 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Institutional Investors and Asset Pricing in Emerging Markets by : Ms.Elaine Karen Buckberg

Download or read book Institutional Investors and Asset Pricing in Emerging Markets written by Ms.Elaine Karen Buckberg and published by International Monetary Fund. This book was released on 1996-01-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world’s major stock markets were unmoved. This phenomenon can be explained if investors follow a two-step portfolio allocation process, first determining what share of their portfolio to invest in developing countries, then allocating those funds across the emerging markets. For 12 of 13 markets studied, the one-factor CAPM is rejected in favor of a two-factor asset pricing model, including both a broad emerging markets portfolio and the global market portfolio.

Fisher Investments on Emerging Markets

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Author :
Publisher : John Wiley and Sons
ISBN 13 : 0470567430
Total Pages : 244 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Fisher Investments on Emerging Markets by : Fisher Investments

Download or read book Fisher Investments on Emerging Markets written by Fisher Investments and published by John Wiley and Sons. This book was released on 2009-10-23 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifth installment of the Fisher Investments On series is a comprehensive guide to understanding and analyzing investment opportunities within emerging markets. Growing in relative importance in recent years, emerging markets offer dynamic and unique opportunities. Fisher Investments on Emerging Markets can benefit both new and seasoned investors, covering everything from regional basics to country-specific insights to practical investing tactics, including common pitfalls to avoid. This book begins with an overview of emerging markets, followed by a historical narrative of the major emerging market regions—with emphasis on the economic, political, and sentiment drivers that help shape the investing landscape. Discusses regional, and even country-specific, drivers. Examines the major regions, including Russia, China, Latin America, and Asia. Addresses the challenges unique to emerging and developing regions, and some common pitfalls to avoid. Delves into top-down investment methodology as well as individual security analysis. Outlines a five-step process to help differentiate firms in emerging markets—designed to help you identify ones with the greatest probability of outperforming Provides investment strategies for a variety of market environments Filled with in-depth insights and expert advice, Fisher Investments on Emerging Markets provides a framework for understanding emerging markets. With this book as your guide, you can quickly gain a global perspective on emerging markets and discover strategies to help achieve your investing goals.

Emerging Markets For Dummies

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470878932
Total Pages : 593 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Emerging Markets For Dummies by : Ann C. Logue, MBA

Download or read book Emerging Markets For Dummies written by Ann C. Logue, MBA and published by John Wiley & Sons. This book was released on 2011-01-11 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging Markets For Dummies provides readers with an understanding of emerging markets and their place in our economy. Savvy investors and business managers will find the important information and advice they need to incorporate these growth areas into their business and investment plans.

Portfolio Preferences of Foreign Institutional Investors

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4./5 ( download)

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Book Synopsis Portfolio Preferences of Foreign Institutional Investors by : Reena Aggarwal

Download or read book Portfolio Preferences of Foreign Institutional Investors written by Reena Aggarwal and published by World Bank Publications. This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: