8. International Risk. Many portfolio managers, when asked why they do not internationally diversify their portfolios, answer
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8. International Risk. Many portfolio managers, when asked why they do not internationally diversify their portfolios, answer that "the risks are not worth the expected returns." Using the theory of international diversification, how would you evaluate this state- ment?
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Related Book For 
Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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