首页> 外文期刊>Applied economics letters >The performance of NASDAQ-listed UKADRs: a note
【24h】

The performance of NASDAQ-listed UKADRs: a note

机译:在纳斯达克上市的UKADR的表现:注释

获取原文
获取原文并翻译 | 示例
           

摘要

The author examines NASDAQ-listed American Depository Receipts (ADRs) from the United Kingdom to determine overall investment performance for the first 21 days of trading and the first 3 years of trading. Long-term results also show the effects of market timing. In early trading, the 22 UK ADRs outperformed the NASDAQ by 8.81% for the first 21 days. Long-term results show the entire sample of UK ADRs outperformed the NASDAQ index by nearly 20% for the first 3 years of trading. Those ADRs trading during the bull market (listed before 1998) performed roughly equal to the NASDAQ index whereas those trading through the bear market (listed after 1 January 1998) outperformed the NASDAQ by nearly 39% during the first 36 months of trading. These results suggest that market timing affects long-term portfolio returns from UK ADRs.
机译:作者研究了在纳斯达克上市的,来自英国的美国存托凭证(ADR),以确定交易的前21天和交易的前3年的总体投资表现。长期结果还显示了市场时机的影响。在早期交易中,在前21天中,英国的22种ADR比纳斯达克指数高出8.81%。长期结果显示,在交易的前三年中,整个英国ADR样本的表现都比纳斯达克指数高出近20%。在牛市(1998年之前上市)中交易的美国存托凭证(ADR)的表现大致等于纳斯达克指数,而在熊市(1998年1月1日之后上市)中交易的美国存托凭证在交易的前36个月中,其表现比纳斯达克高出近39%。这些结果表明,市场时机会影响英国ADR的长期投资组合收益。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号