TY - JOUR T1 - The Seasonal Price Behavior of Global Equity Markets JF - The Journal of Investing SP - 49 LP - 53 DO - 10.3905/joi.2003.319567 VL - 12 IS - 4 AU - A. Michael Keppler AU - Xing Hong Xue Y1 - 2003/11/30 UR - https://pm-research.com/content/12/4/49.abstract N2 - 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. ER -