El.En.

31 August 2016 by Massimo Fuggetta

Why so few?

Italian Stock Exchange, Made in Italia Fund

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It is known in finance as the equity home bias puzzle: investors’ preference for domestic equities and their consequent portfolio overweight compared to the precepts of standard theory. Not in Italy. While laden with domestic government bonds, Italian investors have no penchant for domestic equities. They don’t think of equities as domestic vs. foreign: Italian […]

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