“…(ii) What factors drive discrepancies in the portfolio decisions of foreign versus domestic investors? By addressing the above questions, we extend Fidora, Fratzscher, and Thimann (2007) and Kim et al (2014) with novel evidence on how foreign investors react to riskreturn attributes in global bond markets. We also add to Burger and Warnock (2007); Burger, Warnock, and Warnock (2012);and Horioka, Terada-Hagiwara, and Nomoto (2016) a new angle that compares the investment behaviour of foreign versus domestic investors in global bond markets.…”