U.S. international equity investment and past and prospective returns

U.S. international equity investment and past and prospective returns

by Stephanie E. Curcuru

Book 16677 of NBER working paper series -- working paper

Join Readfeed freeFind clubs reading this
Rate this book:

Browse books you can read free on Readfeed

No club is reading this yet — be the first to start one

Start a club free
About
"Counter to extant stylized facts, using newly available data on country allocations in U.S. investors' foreign equity portfolios we find that (i) U.S. investors do not exhibit returns-chasing behavior, but, consistent with partial portfolio rebalancing, tend to sell past winners; and (ii) U.S. investors increase portfolio weights on a country's equity market just prior to its strong performance, behavior inconsistent with an informational disadvantage. Over the past two decades, U.S. investors' foreign equity portfolios outperformed a value-weighted foreign benchmark by 160 basis points per year.Published: Published: Stephanie E. Curcuru, Charles P. Thomas, Francis E. Warnock, Jon Wongswan (forthcoming). U.S. international equity investment and past and prospective returns. American Economic Review"--National Bureau of Economic Research web site.

Discuss U.S. international equity investment and past and prospective returns with other readers

Join or start a book club for U.S. international equity investment and past and prospective returns on Readfeed. Live chat, shared reading progress, and AI discussion questions — free to get started.

Sign up freeBrowse book clubs

Frequently asked questions

How do I join a book club for U.S. international equity investment and past and prospective returns?

Sign up free on Readfeed, then browse public clubs or start your own club with U.S. international equity investment and past and prospective returns as the current read. Invite friends with a share link and discuss together with live chat and AI discussion questions.

Can I discuss U.S. international equity investment and past and prospective returns with other readers online?

Yes. Readfeed book clubs let you chat live, share progress, and join discussions about U.S. international equity investment and past and prospective returns with readers worldwide — whether your club is virtual, in-person, or hybrid.

Is Readfeed free?

Yes. Creating an account and joining book clubs is free. Sign up to find readers who love the same books and start discussing today.