Testing International Asset Allocation

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Type and Duration

WTT, September 2007 until March 2008


Chair in Business Administration, Banking and Financial Management

Main Research

Wealth Management

Field of Research

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.

Principal Investigator

Project Collaborator