Frontier markets which are countries that have not yet reached emerging market status, have
been shown to provide diversification benefits for international investors. However, many …

The study examines the value addition provided by frontier markets vis-à-vis emerging
markets in improving the diversification benefits of an international portfolio. The analysis is …

This paper examines the benefits of international diversification for US investors, while
accounting for market development, corporate governance, market cap effects, and …

Frontier markets, sometimes referred to as “emerging emerging markets,” have high
transaction costs so investors who rebalance their portfolios monthly do not receive …

Although the literature on the benefits of diversifying equity portfolios to emerging markets is
abundant, the role of frontier markets in global equity portfolio diversification is clearly less …

This study evaluates the sector risk of the Qatar Stock Exchange (QSE), a recently upgraded
emerging stock market, using value-at-risk models for the 7 January 2007–18 October 2015 …

Psychological barriers are shown to be a feature in frontier market equity pricing. Using
MSCI Frontier 100 index constituents; prices, upon breaching an upward or downward …

When constructing a portfolio of stocks, do you turn a blind eye to the firms' future outlooks
based on careful consideration of companies' fundamentals, or do you ignore the stocks' …

This study shows how stock market reacts to rating change announcements where
confounding effects of information spillover from related markets are absent. Contrary to …

The objective of the study is to 1) examine the existence of portfolio diversification
opportunities and 2) measure the diversification benefits. The study is performed on 14 …