SSRN-British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach by William Goetzmann, Andrey Ukhov

Read an abstract of the paper by William Goetzmann of the Yale School of Management and Andrey Ukhov of Indiana University Bloomington. The  paper explores whether the British investors benefitted from overseas investing in the 19th century. The modern portfolio theory is used to revisit the issue.