Document Type
Article
Publication Date
2015
Abstract
This study examines the long-term performance of Asia Pacific, European, and Latin American ADRs versus the S&P500 and their respective regional indexes from 1990-2010. The sample was dividend by stable markets (1990s) and volatile markets (2000s). We find that, when analyzed in total, regional indexes perform similarly to the S&P500. However, the Asia Pacific and Latin America regions do offer diversification benefits individually. Furthermore, the ADRs from each region underperform in stable markets (1990s) and outperform in volatile markets (2000s) leading to great diversification benefits.
Repository Citation
Schaub, Mark and Brown, Todd A., "Long Term Adr Performance: How Do Regional Issues Listed on the NYSE Compare to Us and Regional Index Returns?" (2015). Faculty Publications. 6.
https://scholarworks.sfasu.edu/economicsandfinance_facultypubs/6
Comments
Schaub, M., & Brown, T. (2015). LONG TERM ADR PERFORMANCE: HOW DO REGIONAL ISSUES LISTED ON THE NYSE COMPARE TO US AND REGIONAL INDEX RETURNS? International Journal of Business and Finance Research, 9(3), 1931–0269.