25.2 Risk Factors in International Investing 887
Exchange Rate Risk / Political Risk
25.3 International Investing: Risk, Return, and Benefits
from Diversification 895
Risk and Return: Summary Statistics / Are Investments
in Emerging Markets Riskier? / Are Average Returns
Higher in Emerging Markets? / Is Exchange Rate Risk
Important in International Portfolios? / Benefits from
International Diversification / Misleading Representation
of Diversification Benefits / Realistic Benefits from
International Diversification / Are Benefits from
International Diversification Preserved in Bear Markets?
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