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Diversification across economic sectors and implication on portfolio investments in Malaysia

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dc.contributor.authorTaufiq Hassan
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.contributor.authorZulkarnain Muhamad Sori
dc.date.accessioned2020-02-05T06:15:54Z
dc.date.available2020-02-05T06:15:54Z
dc.date.issued2006
dc.description.abstractDue to the increasing efforts towards regional and global economic integration, the effects of "country specific" factors are becoming less important in managing domestic portfolio investments. Consequently the concept of diversification across economic sectors has received attention in literature. This paper analyzes the opportunity for diversification across different economic sectors for long-term investment using sectorial indices. The findings indicate high but unstable correlation of returns between indices. This implies that investment managers should account for potential movements in sector-specific and sub-sector-specific risks. The findings imply that investment in one or two sectors of the stock market face higher total risk than in the past due to the increasing "sector" effects on portfolio investment.en_US
dc.identifier.citationMuhamad Sori, Z., Ramadili Mohd, S. M., & Hassan, T. (2006). Diversification across economic sectors and implication on portfolio investments in Malaysia. International Journal of Economics and Management, 1 (1), pp. 155-172.en_US
dc.identifier.issn1823 - 836X
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3165
dc.languageEnglish
dc.language.isoengen_US
dc.publisherUPMen_US
dc.rights2006. UPM
dc.sourceSEDONA
dc.subjectPortfolioen_US
dc.subjectDiversificationen_US
dc.subjectInvestmenten_US
dc.subjectSectorialen_US
dc.subjectCorrelationen_US
dc.titleDiversification across economic sectors and implication on portfolio investments in Malaysiaen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
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