Performance and Risk Exposure of International Mutual Funds

Authors

  • Larry R. Lang College of Business Administration, University of Wisconsin, Oshkosh, Wisconsin 54901
  • Robert M. Niendorf College of Business Administration, University of Wisconsin, Oshkosh, Wisconsin 54901

DOI:

https://doi.org/10.1016/1057-0810(92)90005-W

Abstract

This study examined whether internationally diversified mutualfinds increase a U.S. investor’s risk-adjusted return above that on a domestic benchmarkmutualfund. Average returns on about one-half of the international funds exceeded the domestic benchmark fund’s return. The risk-adjusted returns on the international mutual funds were not significantly dtrerentji-om that on the domestic benchmark fund. These results dtrerfiom earlier studies which generally found superior returns on international mutual funds. The benefits for the U.S. investor of holding an internationally diversijied mutualfund appear to be limited for the period studied.

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Published

1992-12-30

How to Cite

Lang, L. R., & Niendorf , R. M. (1992). Performance and Risk Exposure of International Mutual Funds. Financial Services Review, 2(2), 97–110. https://doi.org/10.1016/1057-0810(92)90005-W

Issue

Vol. 2 No. 2 (1992): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1992 JAI Press Inc.

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