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To assess the diversification performance of emerging market equity portfolios
Dissertation (MBA)--University of Pretoria, 2010.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613544383512576 |
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| access_status_str | Open Access |
| author2 | MacKenzie, Max |
| author_browse | MacKenzie, Max |
| author_facet | MacKenzie, Max |
| collection | Thesis |
| dc_rights_str_mv | © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria |
| description | Dissertation (MBA)--University of Pretoria, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23172 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:50.174Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23172 To assess the diversification performance of emerging market equity portfolios MacKenzie, Max Thabang.mokoena@standardbank.co.za Mokoena, Trevor Thabang UCTD Corporations Finance Dissertation (MBA)--University of Pretoria, 2010. Portfolio diversification in respect of emerging equity markets is of major interest to academia and professionals alike. Central to this portfolio diversification interest is the choice between the different emerging markets as well as the respective weights of the constituents of the portfolio. In particular, this study focused on South Africa as the preferred emerging equity market source of investment diversification. The estimated and implied returns of the individual indices were computed from monthly index prices in order to obtain optimal portfolio returns. By maximising the Sharpe ratio of a portfolio through different weights of the individual indices, a portfolio optimisation tool was used to obtain the optimal portfolio and the diversification benefits throughout the studied period. The findings were that emerging equity markets provide significant diversification benefits and that Morocco and Jordan are the most dominant emerging equity markets. Additionally, although the South African market index does provide diversification benefits, it does not feature in the optimal portfolio and it is not the most ideal emerging equity market for diversification purposes. Moreover, the diversification benefits differ depending on the weights of the developed and emerging equity markets within the portfolio and throughout the studied period Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:41:53Z 2010-05-31 2013-09-06T14:41:53Z 2009-04-01 2010-05-31 2010-03-13 Dissertation Mokoena, TT 2008, To assess the diversification performance of emerging market equity portfolios, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23172 > G10/39/ag http://hdl.handle.net/2263/23172 http://upetd.up.ac.za/thesis/available/etd-03132010-173959/ © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria application/pdf University of Pretoria |
| spellingShingle | UCTD Corporations Finance To assess the diversification performance of emerging market equity portfolios |
| title | To assess the diversification performance of emerging market equity portfolios |
| title_full | To assess the diversification performance of emerging market equity portfolios |
| title_fullStr | To assess the diversification performance of emerging market equity portfolios |
| title_full_unstemmed | To assess the diversification performance of emerging market equity portfolios |
| title_short | To assess the diversification performance of emerging market equity portfolios |
| title_sort | to assess the diversification performance of emerging market equity portfolios |
| topic | UCTD Corporations Finance |
| url | http://hdl.handle.net/2263/23172 http://upetd.up.ac.za/thesis/available/etd-03132010-173959/ |