TITLE

EFFICIENT PORTFOLIOS AND SUPERFLUOUS DIVERSIFICATION

AUTHOR(S)
Frankfurter, George N.; Frecka, Thomas J.
PUB. DATE
December 1979
SOURCE
Journal of Financial & Quantitative Analysis;Dec79, Vol. 14 Issue 5, p925
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents an examination of real and simulated market indexes. A comparison of the performance of efficient and well-diversified portfolios generated by the model based on the indexes is presented. According to the results there is no significant difference in performance between real and simulated indexes, however the degree of diversification is significantly lower for portfolios based on indexes specialized in securities. The study also indicates that portfolios which have been selected based on the Sharpe model outperform strategies which require investing in the market portfolio.
ACCESSION #
4763861

 

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