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- W2243398163 abstract "The premiums on closed-end country funds tend to move in tandem, but do not move together with premiums on domestic closed-end funds. After controlling for foreign market fundamentals, changes in the stock price of country funds co-move with U.S. market returns, but changes in their net asset values do not. An index of changes in country fund premiums explains cross-sectional stock returns in the U.S. market. Collectively, these findings suggest U.S. stock prices are affected by market-wide sentiments which are reflected in closed-end country fund premiums." @default.
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- W2243398163 date "1993-03-22" @default.
- W2243398163 modified "2023-09-23" @default.
- W2243398163 title "Closed-End Country Funds and U.S. Market Sentiment, Mitsui Life Financial Research Center" @default.
- W2243398163 hasPublicationYear "1993" @default.
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