FRENCH MUTUAL FUND PERFORMANCE: EVALUATION OF INTERNATIONALLY-DIVERSIFIED PORTFOLIOS.

The article focuses on a study that measured the investment performance of French mutual funds, as examples of internationally diversified portfolios. The article examines the differences between French mutual funds, or SICAV, and mutual funds found in the United States. One of the differences between the two is that SICAV hold both domestic and foreign securities, with the largest foreign positions in stocks and bonds listed on the New York Stock Exchange. Another difference is that most SICAVs have been established, marketed and managed by French banks, which is a practice not allowed under U.S. law.