A MULTIFACTOR ANALYSIS OF COUNTRY FUND RETURNS

Previous closed‐end country fund research concludes that returns behave more like the U.S. market than like their target markets. We argue this finding may be biased by model misspecification and inappropriate estimation techniques. We propose a single‐equation model containing five hypothesized fac...

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Veröffentlicht in:	The Journal of financial research 2001-10, Vol.24 (3), p.331-346
Hauptverfasser:	Anderson, Seth C., Coleman, B. Jay, Frohlich, Cheryl J., Steagall, Jeffrey W.
Format:	Artikel
Sprache:	eng
Schlagworte:	American dollar Bias Closed end funds Discounts Diversification Emerging markets Equity Equity funds Financial analysis Foreign exchange rates Forward exchange Hypotheses International finance Investigations Investments Portfolio management Rates of return Stock exchanges Studies Target markets Variables
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