Please Define the Following Key Terms

question 57

Short Answer

Please define the following key terms.
- Yongzheng

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Definitions:

Local Currency Returns

The performance of an investment denominated in the currency of the place where the investment is made, excluding the effect of foreign exchange rate fluctuations.

Correlation

A statistical measure that represents the extent to which two or more variables fluctuate in relation to each other.

S&P 500

An index tracking the performance of 500 major U.S. companies listed on stock exchanges.

Home Bias

The tendency for investors to prefer investing in domestic over foreign markets, often leading to a lack of diversification in their portfolios.