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Domestic international portfolio diversification gains in the case of US investors

Author

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  • Slah Slimani

    (University of Tunis El Manar, King Khalid University [Abha])

Abstract

We assess through this study, the advantages of domestic international portfolio diversification for American investors, through the holding of securities relating to foreign funds traded on the American capital market. We concluded that these home investors derive benefits from their indirect international diversification by saving all the trading and transaction costs of direct international diversification in the financial markets of home countries. However, these benefits derived remain dependent on the degree of exposure of the securities held to the risks of the US stock market. On the other hand, it seems that the economic cycle and the American stock market indices have no influence on the returns of these foreign securities. On the contrary, these foreign securities follow their underlying country indices (country index) and are subject to financial disturbances of their financial markets and their home countries' economic cycles.

Suggested Citation

  • Slah Slimani, 2022. "Domestic international portfolio diversification gains in the case of US investors," Post-Print hal-03938794, HAL.
    • Handle: RePEc:hal:journl:hal-03938794
    as

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