Portfolio diversification in energy markets
This paper's results indicate that futures for crude oil, natural gas and unleaded gasoline fail to enhance the performance of representative energy stocks in terms of return to risk, but do decrease the overall level of risk exposure borne by passive equity investors. Our findings suggest that...
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Published in | Energy economics Vol. 32; no. 2; pp. 257 - 268 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Amsterdam
Elsevier B.V
01.03.2010
Elsevier Elsevier Science Ltd |
Series | Energy Economics |
Subjects | |
Online Access | Get full text |
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