IDEAS home Printed from https://ideas.repec.org/a/taf/ufajxx/v54y1998i1p72-80.html
   My bibliography  Save this article

Performance Characteristics of Emerging Capital Markets

Author

Listed:
  • Christopher B. Barry
  • John W. Peavy
  • Mauricio Rodriguez

Abstract

Capital markets in developing countries have become an important asset class. These emerging markets are commonly associated with high returns, high volatility, and diversification benefits for investors in developed markets. We used the Emerging Markets Data Base provided by the International Finance Corporation to examine the risk and return characteristics of emerging markets. Contrary to the results often presented in the popular press, we found that these markets have not produced high levels of compound returns relative to U.S. stock markets for the 20-year time period ending in June 1995. They have experienced a high level of volatility, but they also have consistently provided diversification benefits when combined with developed market portfolios.

Suggested Citation

  • Christopher B. Barry & John W. Peavy & Mauricio Rodriguez, 1998. "Performance Characteristics of Emerging Capital Markets," Financial Analysts Journal, Taylor & Francis Journals, vol. 54(1), pages 72-80, January.
    • Handle: RePEc:taf:ufajxx:v:54:y:1998:i:1:p:72-80
    DOI: 10.2469/faj.v54.n1.2147
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2469/faj.v54.n1.2147
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2469/faj.v54.n1.2147?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ufajxx:v:54:y:1998:i:1:p:72-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ufaj20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.