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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/35637/ http://psasir.upm.edu.my/id/eprint/35637/1/The%20Benefits%20of%20Diversification%20in%20Asean%20Stock%20Market%20to%20Malaysia.pdf |
| _version_ | 1848848110443298816 |
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| author | Goh, Q. R. Md Nasir, Annuar Mohd Ashhari, Zariyawati |
| author_facet | Goh, Q. R. Md Nasir, Annuar Mohd Ashhari, Zariyawati |
| author_sort | Goh, Q. R. |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T09:29:17Z |
| format | Article |
| id | upm-35637 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:29:17Z |
| publishDate | 2014 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 |
| spellingShingle | Goh, Q. R. Md Nasir, Annuar Mohd Ashhari, Zariyawati The benefits of diversification in ASEAN stock market to Malaysia investors |
| title | 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_short | The benefits of diversification in ASEAN stock market to Malaysia investors |
| title_sort | benefits of diversification in asean stock market to malaysia investors |
| url | http://psasir.upm.edu.my/id/eprint/35637/ http://psasir.upm.edu.my/id/eprint/35637/ http://psasir.upm.edu.my/id/eprint/35637/ http://psasir.upm.edu.my/id/eprint/35637/1/The%20Benefits%20of%20Diversification%20in%20Asean%20Stock%20Market%20to%20Malaysia.pdf |