PT  - JOURNAL ARTICLE
AU  - A. Michael Keppler
AU  - Xing Hong Xue
TI  - The Seasonal Price Behavior of Global Equity Markets
AID  - 10.3905/joi.2003.319567
DP  - 2003 Nov 30
TA  - The Journal of Investing
PG  - 49--53
VI  - 12
IP  - 4
4099  - https://pm-research.com/content/12/4/49.short
4100  - https://pm-research.com/content/12/4/49.full
AB  - Global equity investors could achieve superior returns at lower risk during the months of November through April if they are able to move in and out of markets with no or low transaction costs and tax consequences. The seasonal price patterns described in this study may be generic rather than time-specific as long as the majority of the causes identified continue to apply.