Thomas, Charles P.; Warnock, Francis E.; Wongswan, Jon - Federal Reserve Board (Board of Governors of the … - 2004
We evaluate the performance of U.S. investors' international portfolios over a 25-year period. Portfolio returns are …, suggesting that the successful exploitation of publicly available information played a role. Third, well-documented preferences … unconditional performance of bond portfolios, about which less information is available, and find that U.S. investors achieved …