Notice of RetractionAn Empirical Study on the International Asset Allocation: Based on Chinese Investors

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

In this paper, we use stock and bond data from seven countries to carry out an empirical study on international asset allocation and compare the advantages and disadvantages of Chinese investors with other investors. The major findings of this paper include: First, adding bonds to the portfolio can significantly reduce portfolio volatility. Second, using the exchange rate forward to hedge exchange risk generally allows the Chinese investors to benefit more from international diversification. What´s more, it is also pointed out that international diversification investment is not always better than investment on domestic.