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Intl funds -- passive or active
altruistguy
09-06-2002, 8:48 PM | Post #1337607
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Hello Newbie,
Basically, the same reasons that make passive management superior domestically work overseas too:
- lower fees
- no style drift
- Diversification
- (often) lower turnover (and therefore lower transaction costs and greater tax-efficiency)
You don't have to do any empirical studies to confirm that.
But in answer to your question, yes, here's a study on the benefits of passive investing in Emerging Markets.
I have no reason to believe that the Active-Passive debate should have any different answer for Intl asset classes than it does for domestic asset classes. For more info on the active passive question, see the studies here.
For more info on International Investing in general, see here.
For more info on Persistence studies in general, see here.
Eric E. Haas
Originally posted in thread: 22736
Topics
diversification
emerging markets
international diversification
investing
turnover
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