An article written by AQR Capital Management colleagues, Cliff Asness, Roni Israelov, and John Liew, International Diversification Works (Eventually) was selected the best article in the prestigious Graham and Dodd Awards, a CFA Institute program honoring the top Financial Analysts Journal articles of 2011.
It finds that despite the many critics of diversification, global portfolio diversification does offer a high degree of investor protection over the longer term.
