EMPIRICAL TESTS OF DOG OF DOW STRATEGY IN LATIN AMERICAN STOCK MARKETS / TESTES EMPÍRICOS DA ESTRATÉGIA DOG OF DOW NOS MERCADOS LATINO AMERICANOS

AUTOR(ES)
FONTE

IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia

DATA DE PUBLICAÇÃO

04/04/2012

RESUMO

The goal of this study is to analyze the performance of the Dogs of Dow (DoD) investment strategy in Latin American stock markets from 1995 to 2011 and also determine if the performance varies on growth and recession periods. The following countries were analyzed: Argentina, Brazil, Chile, Colombia, Mexico and Peru. Our findings suggest that the DoD outperforms the market, on an absolute and on a risk-adjusted basis, in all Latin American countries except Mexico. The results are significant in both statistical and economic terms. In general, the performance of DoD in different sub-periods is in line with the overall period, indicating that the DoD has a superior performance in both growth and recession periods.

ASSUNTO(S)

dog of dow dog of dow acao de valor value stocks retorno de dividendo dividend yield

ACESSO AO ARTIGO

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