تخصيص الموجودات وأثره في أداء المحفظة الاستثمارية دراسة تحليلية لعينة من الاسواق المالية الدولية

Abstract

The study aims to allocate assets and its impact on the performance of the investment portfolio. The problem of the study was based on several questions that were: “What is the impact of asset allocation on the performance of the international investment portfolio?, and for the purpose of answering the research question and reaching the goal of the study was based on a research hypothesis that is “there is a significant effect” Statistics for asset allocation in the performance of the investment portfolio internationally.” On this basis, the optimal international investment portfolio was selected using the Markowitz correlation model for the indicators of the sample countries during the period from 2017 to 2020.In order to address the problem of the study and test its hypotheses, it was relied on financial and statistical analysis, using a set of descriptive statistical tools such as the arithmetic mean, standard deviation, covariance, correlation coefficient, and simple regression, under study by applying the Evews12 program. The study concluded a number of conclusions, including: The process of asset allocation affects the performance of the investment portfolio, and the success of the process of asset allocation in the investment portfolio depends on the scientific methods used by the investor to choose the optimal index or stocks in the investment portfolio. It was found through the study that the correlation between the returns of the indicators and the markets of the sample countries is weak and this is due to the lack of similarity of the assets traded within the markets of the sample countries and the truth has a positive impact on the efficiency of the portfolios consisting of these indicators. The portfolios are usually built on the basis of the Markowitz correlation. And other ways to build the optimal investment portfolio by the investor.Among the most important suggestions suggested by the researcher: Investors should pay attention to asset allocation processes when forming their investment portfolios and not resort to random diversification, whose effects may be reflected in not ensuring that the benefits of the portfolio are achieved by investing in the lowest possible risk. And not being satisfied with the criteria and foundations used by the current study in selecting the indicators that were nominated for building the portfolio. There are many foundations that can be adopted in building the portfolio, including (alpha, high price, low price, profit multiplier PE....., etc.) that can achieve a swap Better between risk and return.