The Effect of Different Corporate Market Capitalizations in International Portfolio Strategy in Eleven Asian Countries

Kuo-Hao Lee

Abstract


The study proved that the manners of returns generated from Large-, Mid- and Small- Cap stocks in 11 Asia countries are different and should not be ignored by international portfolio investors. We found that Asian Mid-Cap and Small-Cap markets indices have low correlations with both World market indices and among Cap market indices themselves; while Large-Cap funds have high correlations including amongst each other. Investors can obtain additional gains from international diversification if they consider including Mid- and Small-Cap stocks in their portfolio in Asian countries.


Full Text: PDF DOI: 10.5430/afr.v3n3p107

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Accounting and Finance Research
ISSN 1927-5986 (Print)   ISSN 1927-5994 (Online)

Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the 'Sciedu.ca' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.