Showing 621 - 623 of 623 entries
Research PaperHome is Where the Hurt Is: The Effects of Equity Policy Benchmark Decisions in the UK
Unprecedented political, economic, and technological developments in the last 20 years have resulted in a high degree of integration across companies, industries, and markets around the world. Institutional equity portfolio construction appears to be lagging behind, with most institutional portfolios still suffering from significant home bias effects. Using data from the UK market, we have shown that adopting a market-cap weighted global policy benchmark instead of a traditional home bias...
Research PaperGlobalization of Equity Policy Portfolios
Globalization has brought about a major rethinking of the equity investment. Thought leaders in the industry are questioning the merit of the existing equity allocation practices and are increasingly looking towards an integrated global equity investment process. The partitioned domestic/non-domestic approach to equity investing may have been built on the grounds of segmented economies, high levels of foreign investment restrictions, and heavily domestically-focused companies but its validity...
Research PaperQuantifying the Cost of Home Bias - A Japan Perspective
This Research Insight reviews the evolution of the equity allocation policy of Japanese institutional investors and discusses how globalization has altered the global equity landscape and created the basis for a major rethinking of the investment process of global investors. We present the key rationales for an integrated global equity investment process, and explore potential implementation paths for Japanese institutional investors.