The last three decades brought mounting evidence regarding the cross-sectional
predictability of country equity returns. The studies not only documented country-level …

The urge to “play it safe” is strongest when investors are most nervous or uncertain, as in
highly turbulent markets. Market equilibrium and mean–variance portfolio theory prescribe …

Using daily data over the period 31st December, 2000, to 31st December, 2002, and five
variables to categorise a panel of 689 stocks from the FTSE All-Share Index along a value …

The predictive power for country selection of expected returns estimated through the
residual income model is examined through analysis of 19 developed-country indices for …

We examine two alternatives to the cap-weighted index for emerging markets: the GDP-
weighted and the equally weighted (EW) indices. Over the 1990–2004 period, the GDP …

Vikram Srimurthy joined Informa in 2016 and conducts quantitative research for Informa
Financial Intelligence, EPFR. He is primarily responsible for research behind EPFR's FX and …

Country selection strategies based on an individual fundamental (momentum) variable
result in significant (nonsignificant) market risk-adjusted returns over the January 1988–July …

This chapter aims to provide a comprehensive review of the current literature on the cross-
section of country equity returns. It focuses on three particular aspects of the asset pricing …

Global and international portfolio managers often take interest rates into consideration in
deciding upon country allocations. This chapter focuses on the usefulness of interest rates in …

This paper examines the heritage of international academic finance. Definitions of
international empirical and theoretical research are proposed, and an economic …