PT  - JOURNAL ARTICLE
AU  - Vikram K. Srimurthy
AU  - Steven Shen
AU  - Matthew Smalbach
TI  - Fund Flows as Country Allocator
AID  - 10.3905/jai.2018.21.3.087
DP  - 2018 Dec 31
TA  - The Journal of Alternative Investments
PG  - 87--95
VI  - 21
IP  - 3
4099  - https://pm-research.com/content/21/3/87.short
4100  - https://pm-research.com/content/21/3/87.full
AB  - In this article, the authors find significant positive returns over a forward one-month holding period for strategies that buy in countries that have attracted indirect investment via equity fund flows and sell in countries that have not. They find that the profitability of these strategies is independent of the momentum effect as well as the size effect.TOPICS: Global, information providers/credit ratings, analysis of individual factors/risk premia, performance measurement