Impact of Globalisation on International Diversification

Conference Overview by Paul Halpern, Toronto Stock Exchange, Professor of Finance at the Rotman School of Management, University of Toronto.

Conference Overview

In Prof Halpern’s overview, he

“identifies an important issue in international investing--the waning role of global and local market influences and the growing importance of global sectors.” He also notes “the growth of international diversification and the inherent contradiction of this growth--as world markets become more integrated through diversification investments, international diversification benefits diminish because correlations between markets become larger.”