Journal of Finance and Investment Analysis

The Efficient Frontier and International Portfolio Diversification in Taxable and Tax-Privileged Accounts

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  • Abstract

    In this paper, we consider efficient frontiers associated to two and three fund portfolios consisting of total domestic bond funds, total domestic equity funds, and total international equity funds. These frontiers are intended to help inform investment decisions regarding international exposure in taxable and tax-privileged accounts.

    JEL classification numbers: G11, H21, N20 
    Keywords: efficient frontier, portfolio allocation, taxation