Lucey, Brian M; Muckley, Cal - Institute for International Integration Studies (IIIS), … - 2011
In this paper, we examine the scope for international stock portfolio diversification, from the viewpoint of a United … correlation style evidence to thecontrary, the European stock markets provide a superior long-term diversification opportunity … uninformative with respect to the diversification opportunities of investors with longer term investment horizons. In terms of …