Journal article
International investment and currency risk
Abstract
A normative model for selecting optimal international portfolios is presented. The model allows investors to pursue an active portfolio strategy while obtaining the benefits of international diversification. Because currency risk is explicitly recognized, its importance can be assessed by investors in making investment decisions.
Authors
Chamberlain TW; Cheung CS; Kwan CCY
Journal
Journal of Economics and Business, Vol. 42, No. 2, pp. 141–152
Publisher
Elsevier
Publication Date
May 1990
DOI
10.1016/0148-6195(90)90030-g
ISSN
0148-6195