Chinese University of Hong Kong
Dr. Rao Fu received her B.A in finance from Peking University and Ph.D. in economics from University of Texas at Austin. She is currently a lecturer in the Department of Decision Sciences and Managerial Economics at the Chinese University of Hong Kong (CUHK). She taught at the University of Hong Kong before joining the CUHK in 2012. Dr. Fu's research interests lie in industrial organization, econometrics, and applied finance. She teaches several courses in microeconomics, macroeconomics and financial economics at both the undergraduate and graduate levels.
In this paper, the authors investigate the diversification benefits of iShares and their rivals (CECFs and American depositary receipts) between April 1996 and December 2004.