Table 6

Skewness and portfolio choices

BenchmarkAlternative1SD2SD3SD
EU-Asia minEU-Pakistan min−0.0004−0.0111−0.1269
EU-AsiaEU-Pakistan0.00030.02340.8637
US–AsiaUS-Pakistan−0.0021−0.0795−2.211
US–Asia minUS-Pakistan min−0.0001−0.0019−0.0052

Source(s): Own elaboration based on data taken from Thomson-Reuters DataStream

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