L' Intérêt d'une Diversification Internationale

Solnik Bruno. L'intérêt d'une diversification internationale. In: Revue d'économie financière, n°19, 1991. La sécurité des systèmes financiers : II/ Les voies de régulation , sous la direction de Olivier Pastré. pp. 77-94

Why Not Diversify Internationally Rather Than Domestically?

Because total risk for a portfolio declines not only with the number of securities included but with the degree of independence among these securities, substantial risk reduction results from diversifying a portfolio across foreign as well as domestic common stocks