Frontier Markets present an opportunity for investors willing to move beyond conventional
universes. Located in Asia, Europe, the Middle East, Africa, and Latin America, these markets …

Global diversification depends on the correlations among countries. One of the benefits of
diversification is that markets tend to move independently, so their returns balance one another…

While human nature may be a constant, investors have broadened their horizons, investing
in emerging markets and, most recently, the frontier markets (those markets not in the …

Portfolio optimization is a procedure for measuring and controlling portfolio risk and expected
return. At its simplest, portfolio optimization is basically diversificationreducing portfolio risk …

In a recent project, the accounting statments of over 100 companies in 12 developed and
emerging countries were restated to approximate common accounting standards. Companies …

As the age of institutional investing has matured, investment styles have become ritualized,
formalized, and systematized. The crisis in institutional money management techniques will …

Looking back to 1990, it is easy to forget the primitive world in which we lived. My cell phone
was bigger than a brick. Nelson Mandela was freed in February 1990, and Lithuania …

Structural and reduced-form models are the primary vehicles for pricing credit default swaps
(CDS). This evaluation of the emerging empirical literature on CDS analyzes the evidence …

Investors are now aware of the opportunities available through international investing.
Between 1992 and 1997, it is estimated that investors increased international investment …

An earlier foray into the performance of environmental, social, and governance exchange-traded
funds depicted extremely low risk-adjusted returns achieved at the cost of considerable …