Sources of Return in Global Investing

摘要: Traditional approaches to the important sources of return in international equity investing attribute portfolio countries and global industries styles. A new framework shows that these models miss an component arises from unique behavior styles within markets. The answer perennial question investing? what matters more, country or industry style selection??is quite different developed emerging oft–noted spike importance over influence 1998?2002 was likely a by–product technology bubble. World markets are integrating, but at very gradual pace.