International market tracker funds and portfolio performance

الملخص EN

This study aims to examine the possibility of accreditation exchange traded funds in an international diversification process, by analyzing weekly data of US and major European market trackers, for a period of ten years from 2009 to 2018.

Our findings indicate a strong positive correlation among the domestic US fund and the majority of the European funds.

moreover, the US fund was less risky and more efficient in term of performance similarly to the UK fund.

For this, the combination of these two funds eventually shows the best blend between risk and return comparing to remaining European funds.

Keywords: exchange traded funds, international diversification, markets correlation, portfolio theory, funds management.