Studies of international financial markets have documented a phenomenon referred to as correlation breakdown. Explain what is

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Studies of international financial markets have documented a phenomenon referred to as correlation breakdown. Explain what is meant by this term. What are the implications of correlation breakdown for global portfolio strategy?
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...
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Global Investments

ISBN: 978-0321527707

6th edition

Authors: Bruno Solnik, Dennis McLeavey

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