Special Lecture: Emerging Markets and the Rule of Law

Wednesday, November 15, 2017
(doors open at 18:45)
Temple University, Japan Campus, Mita Hall, Room 403 (Access)
English (no translation provided)
Registration Deadline:
Tuesday, November 14, 2017
Registration Form
Registration is now closed.

Lecture Topic

"Capital markets in developing countries have become an important asset class. These emerging markets are commonly associated with high returns, high volatility, and diversification benefits forinvestors in developed markets"

Barry, Peavy and RodriguezFinancial Analysts Journal, 1998.

While the benefits of emerging market investments are well demonstrated, the source of the underlying diversification potential is less well understood. This research seminar will explore two possible sources of the benefits to investing in emerging markets. Underlying the low correlation structure are differences in the legal family and tradition of both emerging and frontier markets. These differences can be demonstrated as a foundation concept in portfolio allocation across markets leading to a more efficient selection of emerging and frontier markets for investment. In addition, the extent to which foreign investors can access emerging and frontier market stocks, termed investability, affects their correlation structure vis-à-vis domestic securities. We will conclude by examining the impact of investability on portfolio allocation decisions.

About the Lecturer

Dr. Phil English

Dr. Phil English has served as a professor for over 20 years creating and teaching courses designed for students at the undergraduate, graduate, and professional level. His experience in higher education has included teaching internationally in Prague for Texas Tech and The UAE with the University of Abu Dhabi. He received his PhD from the University of South Carolina, MBA and undergraduate degrees from Va Tech and has earned the right to use the (R) Chartered Financial Analyst (CFA) designation of the CFA Institute. In addition, Dr. English has designed and delivered courses in a number of professional education programs including the South Carolina Banking School and the Southwest Banking School. Dr. English has also maintained an independent consulting firm, PE II, LLC specializing in finance instruction, training and consulting. PE II, LLC has created programs covering such topics as quantitative methods of investment analysis, the valuation of mortgage servicing rights, asset and liability management for financial institutions, credit analysis and credit risk management, counterparty credit risk assessment, and the relationship between financial institutions and the legal environment from the finance standpoint. He has won numerous department-level, college-level and university-level teaching awards for his performance.