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dc.contributor.authorMwaniki, Maryanne Wairimu
dc.date.accessioned2017-03-02T16:30:31Z
dc.date.available2017-03-02T16:30:31Z
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/11071/5091
dc.descriptionA Research Proposal submitted in Partial fulfillment for the award of Bachelor of Business Science Financial Economicsen_US
dc.description.abstractIn this study I allocate currency assets namely, the US dollar, the Great Britain Pound, the Japanese Yen and the Tanzanian shilling to a portfolio using mean variance optimization. Similarly, I analyze currency as an asset class within the Kenyan context and given the various attributes pertaining to asset classes, the currency portfolio exhibited all the characteristics. The portfolio had positive returns thus giving investors an opportunity to make profits; the assets are strictly mutually exclusive since they can only be classified under currency assets, homogenous and liquid. The Tanzanian shilling met the criterion that assets should have low correlations relative to other asset classes. However, the pound, the dollar and the Yen exhibited quite high correlations to the equity class. Mean variance analysis has been used to create portfolios that minimize risk for a given level of return and the resulting currency portfolio performed better than the equity class given that it had higher returns and lower risk. The study lead to the conclusion that currency is an asset class and can be allocated to portfolios using mean variance optimization.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectForeign Currencyen_US
dc.subjectAsset classen_US
dc.subjectKenyaen_US
dc.subjectFOREXen_US
dc.titleExamining the potency of foreign currency as an asset class - evidence from Kenyaen_US
dc.typeLearning Objecten_US


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