RT Journal Article
SR Electronic
T1 Realized Rates of Return in Emerging Equity Markets
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 41
OP 49
DO 10.3905/jpm.2000.319727
VO 26
IS 3
A1 Mark R Eaker
A1 Dwight M Grant
A1 Nelson Woodard
YR 2000
UL https://pm-research.com/content/26/3/41.abstract
AB 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.