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Mean-variance investment strategy applied in emerging financial markets: Evidence from the Colombian stock market

Intelektine ekonomika, 2015-04, Vol.9 (1), p.22-29 [Peer Reviewed Journal]

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Title:
Mean-variance investment strategy applied in emerging financial markets: Evidence from the Colombian stock market
Author: Garcia, Fernando ; González-Bueno, Jairo Alexander ; Oliver, Javier
Subjects: Economy ; Emerging markets ; Financial Markets ; Investment policy ; Investors ; Portfolio diversification ; Portfolio management ; Profitability ; Risk ; Securities markets ; Stock exchanges
Is Part Of: Intelektine ekonomika, 2015-04, Vol.9 (1), p.22-29
Description: In any investment, an analysis of the expected return and the assumed risk constitutes a fundamental step. Investing in financial assets is no exception. Since the portfolio selection theory was proposed by Markowitz in 1952, this methodology has become the benchmark in portfolio management. However, it is not always possible to apply it, especially when investing in emerging financial markets, which are characterised by a scant variety of available stocks and very low liquidity. In this paper, using the Colombian case, we will examine the challenges found by investors who want to create a portfolio using only stocks listed on a scarcely developed stock market.
Publisher: Vilnius: Mykolas Romeris University
Language: English;Lithuanian
Identifier: ISSN: 1822-8011
EISSN: 1822-8038
DOI: 10.1016/j.intele.2015.09.003
Source: CEEOL: Open Access
ProQuest Central

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