환율변동을 고려한 복합자산 포트폴리오의 성과연구
A Study on the Asian Mixed Asset Portfolio Considering Currency Volatility:A Perspective from Korean Investor
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초록
As International Real Estate Investment has increased considerable in recent years, this study analyzed the performance of mixed-asset portfolios containing real estate, common stock, and bond investments from various Asian countries. While most of previous research focuses on the U.S. investors' perspective, the particular interest of this study is that the performance of each individual asset class in the context of mixed-asset portfolio has prepared for the Korean investors' perspective. The study focused mainly on six economically developing countries (China, Indonesia, Malaysia, the Philippines, South Korea, and Thailand) and five developed countries (Singapore, Japan, Hong Kong, Australia, and New Zealand). The results indicate that the currency volatility has more significantly observed from those emerging countries than developed countries. However, the results consistently show that mixed-asset portfolios from countries with emerging economies have outperformed the assets of developed countries for moderate and aggressive investors targeting Asian countries.
Abstract
As International Real Estate Investment has increased considerable in recent years, this study analyzed the performance of mixed-asset portfolios containing real estate, common stock, and bond investments from various Asian countries. While most of previous research focuses on the U.S. investors' perspective, the particular interest of this study is that the performance of each individual asset class in the context of mixed-asset portfolio has prepared for the Korean investors' perspective. The study focused mainly on six economically developing countries (China, Indonesia, Malaysia, the Philippines, South Korea, and Thailand) and five developed countries (Singapore, Japan, Hong Kong, Australia, and New Zealand). The results indicate that the currency volatility has more significantly observed from those emerging countries than developed countries. However, the results consistently show that mixed-asset portfolios from countries with emerging economies have outperformed the assets of developed countries for moderate and aggressive investors targeting Asian countries.
참고문헌 (11)
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