Cover Image

The benefits of diversification in ASEAN stock market to Malaysia investors

The establishment of ASEAN Exchange had removed the barriers and hassles from investors in six ASEAN member countries to invest freely and easily within the six countries' stock market, including Malaysia. This study aimed to analyse whether the establishment of ASEAN Exchange, can provide dive...

Full description

Saved in:
Bibliographic Details
Main Authors: Goh, Q. R., Md Nasir, Annuar, Mohd Ashhari, Zariyawati
Format: Article
Language:English
Published: Canadian Center of Science and Education 2014
Online Access:http://psasir.upm.edu.my/id/eprint/35637/1/The%20Benefits%20of%20Diversification%20in%20Asean%20Stock%20Market%20to%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/35637/
http://www.ccsenet.org/journal/index.php/ass/article/view/33794
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.35637
record_format eprints
spelling my.upm.eprints.356372017-10-20T09:01:21Z http://psasir.upm.edu.my/id/eprint/35637/ The benefits of diversification in ASEAN stock market to Malaysia investors Goh, Q. R. Md Nasir, Annuar Mohd Ashhari, Zariyawati The establishment of ASEAN Exchange had removed the barriers and hassles from investors in six ASEAN member countries to invest freely and easily within the six countries' stock market, including Malaysia. This study aimed to analyse whether the establishment of ASEAN Exchange, can provide diversification benefit to Malaysian investors compared with their domestically diversified portfolio. The analysis is done based on 25 companies which selected from each participating ASEAN country by using Efficient Frontier Model. In addition, Sharpe Ratio had also been developed and analysed to provide an insight to Malaysia and ASEAN investors regarding the attractiveness of each ASEAN market. The results of this study conclusively show that an ASEAN level of diversification does bring benefits to Malaysian investors, as ASEAN portfolio outperforms all individual country's portfolio. Canadian Center of Science and Education 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/35637/1/The%20Benefits%20of%20Diversification%20in%20Asean%20Stock%20Market%20to%20Malaysia.pdf Goh, Q. R. and Md Nasir, Annuar and Mohd Ashhari, Zariyawati (2014) The benefits of diversification in ASEAN stock market to Malaysia investors. Asian Social Science, 10 (4). pp. 78-92. ISSN 1911-2017; ESSN: 1911-2025 http://www.ccsenet.org/journal/index.php/ass/article/view/33794 10.5539/ass.v10n4p78
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The establishment of ASEAN Exchange had removed the barriers and hassles from investors in six ASEAN member countries to invest freely and easily within the six countries' stock market, including Malaysia. This study aimed to analyse whether the establishment of ASEAN Exchange, can provide diversification benefit to Malaysian investors compared with their domestically diversified portfolio. The analysis is done based on 25 companies which selected from each participating ASEAN country by using Efficient Frontier Model. In addition, Sharpe Ratio had also been developed and analysed to provide an insight to Malaysia and ASEAN investors regarding the attractiveness of each ASEAN market. The results of this study conclusively show that an ASEAN level of diversification does bring benefits to Malaysian investors, as ASEAN portfolio outperforms all individual country's portfolio.
format Article
author Goh, Q. R.
Md Nasir, Annuar
Mohd Ashhari, Zariyawati
spellingShingle Goh, Q. R.
Md Nasir, Annuar
Mohd Ashhari, Zariyawati
The benefits of diversification in ASEAN stock market to Malaysia investors
author_facet Goh, Q. R.
Md Nasir, Annuar
Mohd Ashhari, Zariyawati
author_sort Goh, Q. R.
title The benefits of diversification in ASEAN stock market to Malaysia investors
title_short The benefits of diversification in ASEAN stock market to Malaysia investors
title_full The benefits of diversification in ASEAN stock market to Malaysia investors
title_fullStr The benefits of diversification in ASEAN stock market to Malaysia investors
title_full_unstemmed The benefits of diversification in ASEAN stock market to Malaysia investors
title_sort benefits of diversification in asean stock market to malaysia investors
publisher Canadian Center of Science and Education
publishDate 2014
url http://psasir.upm.edu.my/id/eprint/35637/1/The%20Benefits%20of%20Diversification%20in%20Asean%20Stock%20Market%20to%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/35637/
http://www.ccsenet.org/journal/index.php/ass/article/view/33794
_version_ 1643831512885362688
score 13.211869

Similar Items