Australia has a mandatory superannuation scheme for all employees, where employer deducts 9% of the employees' wages and contributes to the designated super fund. Momentum strategies suggest investors look at the past returns and move their investments into the assets that have performed better...

Traditionally, investment portfolios have been constructed with a focus on what asset classes to invest in and how much to invest in each. Recent research, however, has shown that focusing on risk-factor allocations, rather than asset class allocations, can result in better risk-adjusted...

With changing global financial environment and emergence of new economic powers in recent decades, diversification of investment portfolios at country and sector levels assumed additional significance. Optimum portfolio selection within a capital market is primarily based on the best risk-return...

This paper examines the changing correlations between the equity returns of Australia and the emerging equity markets and the tests the volatility, as a factor, that may cause the correlations to change over time. Linear regression estimates of Asymmetric Dynamic Conditional Correlation Model,...

Australian stock market has lower market capitalization compared to that of many other OECD countries and Australian investors can reduce their overall portfolio risk by diversifying into equities from other markets. Choosing stock markets with low correlations with the domestic market can...

Purpose – The purpose of this paper is to examine the various segments of the managed funds market to establish if there is any significant difference in the way the assets are allocated into various asset categories and if investors base their investment decisions based on the past...

Australia has a mandatory superannuation scheme for all employees, where employer deducts 9% of the employees’ wages and contributes to the designated super fund. Momentum strategies suggest investors look at the past returns and move their investments into the assets that have performed...