Testing International Asset Allocation

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Projektart und Laufzeit

WTT, September 2007 bis März 2008


Lehrstuhl für Betriebswirtschaftslehre, Bank- und Finanzmanagement


Wealth Management


Banking and Finance


This empirical project summarizes our research effort on international stock portfolio diversification in asset management.
In practice we notice that investment advisors offer their clients internationally diversified portfolios with only minor attention for different reference currencies. Main object of this project: How would have been the structure for an internationally diversified stock portfolio for a European investor? As a result we can conclude in that exchange rate changes show a big influence on optimal portfolio structure for European investors.
In reality this is often neglected by many international asset advisors, who very often offer one internationally structured portfolio to investors from different currency regions.