@article {Eaker41, author = {Mark R Eaker and Dwight M Grant and Nelson Woodard}, title = {Realized Rates of Return in Emerging Equity Markets}, volume = {26}, number = {3}, pages = {41--49}, year = {2000}, doi = {10.3905/jpm.2000.319727}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The authors analyze the returns of nine emerging markets for the period from 1976 through 1997. They find that although currency movements (primarily depreciation) have a dramatic impact on individual country returns, they have a much reduced impact on real returns and insignificant impact on the returns of a diversified portfolio. In addition, the authors demonstrate the importance of rebalancing and its effect on both the risk and return of an emerging market portfolio.}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/26/3/41}, eprint = {https://jpm.pm-research.com/content/26/3/41.full.pdf}, journal = {The Journal of Portfolio Management} }