Briefly discuss whether active asset allocation among countries could consistently outperform a world market index. Include a

Question:

Briefly discuss whether active asset allocation among countries could consistently outperform a world market index. Include a discussion of the implications of integration versus segmentation of international financial markets as it pertains to diversification, but ignore the issue of stock selection.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...