TY - JOUR T1 - Realized Rates of Return in Emerging Equity Markets JF - The Journal of Portfolio Management SP - 41 LP - 49 DO - 10.3905/jpm.2000.319727 VL - 26 IS - 3 AU - Mark R Eaker AU - Dwight M Grant AU - Nelson Woodard Y1 - 2000/04/30 UR - https://pm-research.com/content/26/3/41.abstract N2 - 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. ER -