Cross country diversification of fund and risk management lessons for Indian investors

Abstract

No one can deny that we are at present living in a globalised world Frictionless movement of capital across the national boundaries is found to be the primary motive in this era of Open economy The cross border movement of capital eventually provides a scope for creating a strong linkage among the national capital markets There are plethoras of finance literature which provide clear evidences of strong integration of capital markets of developed economies However instances of integration of emerging markets in this regard are weak and scanty