Page 39 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0649%u0644 %u062d%u0642 %u0627%u0645%u0644%u0624%u0644%u0641 39 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629How to diversify the portfolio internationally in the home country15:The investor (like an American investor) can achieve international diversification in his home country by investing in many ways, as follows:1-international mutual fund:The main problems facing investors when buying or selling stocks directly from foreign markets to diversify their portfolio globally are the high transaction costs, contact with foreign brokers, and the foreign currency problems. The investors can avoid these problems by investing in an international mutual fund that invests in securities from countries other than the investors%u2019 home country. The advantages of investing in international mutual funds include:1. Savings on transaction and information costs.2. Avoidance of legal and institutional barriers to direct investment in international portfolios.3. Professional management of the international portfolios.2- Country FundsA country fund invests in stocks of a specific country's market. Using country funds, investors can invest in a single foreign market with minimum costs, construct their international portfolios using country funds that invest in different countries, or diversify into emerging markets that are inaccessible to personal investors.3-Exchange-Traded Funds ETFETFs are a fund like other funds, which invest in stocks or various assets, but they differ from other funds in that it is registered and traded on the stock exchange only, just like individual stocks. Many of these funds invest in stocks similar to a local or global stock index to simulate its performance. By using ETFs, investors can trade a whole stock market index as a single stock. The investor can also achieve international diversification by investing in ETFs that invest in international indices like the S&P Global 100 Index.15 --Eun, C. S., & Resnick, B. G. (2012). International financial, edition Six, McGraw Hill.