Country, Sector, and Company Factors in Global Equity Portfolios

This book enables managers of equity portfolios to surpass simple country returns in a time when differences in country returns are shrinking while differences in global sectors returns grow. As efficient portfolio diversification depends critically on how the investment universe is divided, Hopkins and Miller analyze four dimensions of global equity portfolios: countries, sectors, industries and companies.

Combining clear and thorough descriptions of a variety of statistical methods with an abundance of statistical results, their analysis explores the underlying causes of changes in global and country sectors. Indispensible to anyone charged with the responsibility of forecasting returns, estimating risk, or structuring efficient portfolios in the global arena, this book will prove an invaluable reference.