International Diversification for the Individual

A Review

Authors

  • Jeff Madura Sun Bank Professor of Finance, Finance and Real Estate Department, College of Business and Public Administration, Florida Atlantic University, PO. Box 3091, Boca Raton, FL 3343I-0991.
  • Thomas J. O’Brien Associate Professor of Finance, Department of Finance, University of Connecticut, 368 Fairfield Rd., U-41-F, Storrs, CT 06268-2041.

DOI:

https://doi.org/10.1016/1057-0810(91)90031-S

Abstract

Thispaper reviews aspects ofthe literature on international investing that should be of interest to individual investors. Three modern issues are covered: (I) the bene$ts of international diversij- cation as the global markets continue to integrate; (2) the problem of currency exposure; and (3) effective means of achieving international diversijcation. Strategies are discussed which enable the individual to apply suggestions from the research. By restricting the scope of the review to issues of most interest to the individual, we do not review research on international asset pricing theory and international market eficiency and “anomalies.”

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Published

1991-12-30

How to Cite

Madura, J., & O’Brien, T. J. (1991). International Diversification for the Individual: A Review. Financial Services Review, 1(2), 159–175. https://doi.org/10.1016/1057-0810(91)90031-S

Issue

Vol. 1 No. 2 (1991): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1991 JAI Press Inc.

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