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• W2032131008 endingPage "3455" @default.
• W2032131008 startingPage "3440" @default.
• W2032131008 abstract "Counter to extant stylized facts, using newly available data on country allocations in US investors' foreign equity portfolios we find that (i) US investors do not exhibit returns-chasing behavior, but, consistent with partial portfolio rebalancing, tend to sell past winners; and (ii) US 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, US investors' foreign equity portfolios outperformed a value-weighted foreign benchmark by 160 basis points per year. JEL: C58, G11, G15" @default.
• W2032131008 created "2016-06-24" @default.
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• W2032131008 date "2011-12-01" @default.
• W2032131008 modified "2023-09-23" @default.
• W2032131008 title "US International Equity Investment and Past and Prospective Returns" @default.
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• W2032131008 doi "https://doi.org/10.1257/aer.101.7.3440" @default.
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