This book provides an overview of the Australian equity market and develops a framework for testing the benefits of diversifying investments into emerging equity markets for Australian investors. In the process book highlights the differentiating characteristics of Australian market with that of the other developed markets. An overview of the emerging equity markets is also presented in this study. To test the benefits this study uses advanced model (Asymmetric Dynamic Conditional Correlations GARCH model)to estimate time-varying correlations that produces better estimates of correlations to...