6533b82ffe1ef96bd129577a

RESEARCH PRODUCT

MARKET CORRELATION, MARKET RETURNS AND PORTFOLIO IMPLICATION

Alexandru Ciprian AntoniadeConstantinescu Dan

subject

Markets Correlation Fixed Income Securities Portfolio Managementjel:G01jel:G12jel:G23jel:G11

description

In this paper we examine the market correlation and market returns from Romanian perspective. Market returns are higher in emerging markets than developed market returns, but form portfolio perspective it`s also important to evaluate how much correlations are changing in emerging markets. Our results are important in allocation of financial instruments in institutional portfolio management.

http://economice.ulbsibiu.ro/revista.economica/archive/suplimente/Volume1-2012.pdf