Portafolio de inversión óptimo en renta variable en los principales mercados emergentes

Abstract

The study presents the comparative results in the optimisation of portfolio investment in equity in major emerging markets, as a topic important for decision-making in the field of financial management, especially to take into account that the decision of investment in shares of these emerging countries must be technically analyzed, every time that these Nations are in a stage of exploration and experimentation with economic growth and the first phase of industrialization or focus on a transitional process towards development. This picture makes them much more unstable than the already consolidated in the so-called first world. Methodologically it is exposed, given its importance, models of optimization of portfolio developed by Fisher Black and Robert, the Black-Litterman (MBL) model, as a model improved of Harry Markowitz-CAPM-(Capital Asset Pricing Model) or model of value of capital in the stock market, in order to highlight the benefits gained in terms of diversification and flexibility, at the time of deciding on the construction of a portfolio of investment in these emerging markets