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| Segmented Market Hypothesis |
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Segmented Market Hypothesis
(1) See Preferred Habitat Hypothesis. (2) The notion that some markets are artificially compartmentalized. One variation of this hypothesis notes that investors display a home bias in their choice of assets. Even though a more efficient portfolio is obtainable through optimal international diversification, investors sacrifice portfolio efficiency and overweight assets in their own countries.
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Glossary *
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