scholarly journals The reaction of Asian-Pacific investment company returns to U.S. equity returns

2021 ◽  
Vol 18 (2) ◽  
pp. 209-222
Author(s):  
Earl D. Benson ◽  
Sophie X. Kong

This study is relevant to investors who wish to diversify their investment portfolio by investing in U.S.-based investment companies that invest in specific Pacific Basin countries to better understand the diversification benefits of such investments. The purpose is to examine the daily returns of selected U.S.-based, country-focused (Pacific Basin) investment companies to see if those returns accurately reflect the changes of the equity indices of the corresponding Pacific Basin market on the following trading day. The method used is that the reactions of daily investment company returns compared to U.S. market daily returns are examined for Japan, South Korea, and Australia for the period 2006–2010. These return reactions are compared to the home-country returns. Next, for the period from 2011 to 2015, the examination is broadened to include U.S.-based investment companies that invest in Taiwan, Singapore, China, and Indonesia. The results show that investment company share prices on “day t” tend to overreact to changes in the S&P 500 on “day t”, relative to “day t+1” changes in the corresponding Pacific Basin market index – often by more than 100%. Finally, the study shows that on “day t+1” these investment company share prices exhibit a reversal. These findings indicate that the diversification benefits of investing in these Pacific Basin investment companies are reduced due to this increased volatility. S&P 500 returns are accompanied by significantly larger returns on the Pacific Basin investment company shares than are actually realized in the home country on the following day, suggesting that the diversification benefits are not being fully realized.

2019 ◽  
Vol 73 (3) ◽  
pp. 367
Author(s):  
Ross H. Miller ◽  
Robert G. Foottit ◽  
Eric Maw ◽  
Keith S. Pike

2006 ◽  
Author(s):  
J.K. Madsen ◽  
D.J. Thorkelson ◽  
R.M. Friedman ◽  
D.D. Marshall

Geosphere, February 2006, v. 2, p. 11-34, doi: 10.1130/GES00020.1. Movie 1 - Tectonic model for the Pacific Basin and northwestern North America from 53 Ma to 39 Ma. The file size is 1.3 MB.


Author(s):  
Nguyen Le Thy Thuong ◽  
Nguyen Thi Oanh

The Indo-Pacific region is an area adjacent to some oceans and the gateway that connects the great power and small countries to the world; this region is always considered by Vietnam as a key strategic geographic area, having direct impacts on national security, position and its role in this region. While big powers have different perceptions to the Indo-Pacific region, as a country occupying an important geographic position in the Pacific region, Vietnam shares a common vision of an open and rule-based area, and a common interest in maintaining peace, stability and prosperity as well as building a common space for coexistence and development with the belief that the Indo-Asian-Pacific is large enough for every nation to grow and prosper. This article finds out that recent changes in the Indo-Pacific region in geopolitics, economics, security and national defence have made many countries, including Vietnam, to redefine their global and regional policies to refresh their strategic perceptions. Vietnam has its own perception, position, approach and national orientations, which is shaping its state behaviour and perspectives in this geopolitical vibrant Indo-Pacific region. Besides, this article uses the SWOT analysis model to determine the challenges, strengths and weaknesses of Vietnam in the Indo-Pacific region. Moreover, while the future of the Indo-Pacific in a post-COVID-19 pandemic world remains filled with uncertainty and economic challenges, the crisis also presents an opportunity for Vietnam to re-evaluate its position. Today, Vietnam always maintains its foreign policy of independence, self-reliance, multilateralism and diversification of international relations, which attaches great importance to enhancing multi-faceted cooperation with countries in the Indo-Pacific region. Thus, with its own perception and geostrategic advantage, Vietnam—a developing country in the region and in the world with relatively stable economic growth, pursuing rules and order will be a positive factor for a stable, peaceful and prosperous development in the region.


Fabrications ◽  
2016 ◽  
Vol 26 (3) ◽  
pp. 312-336
Author(s):  
Jeffrey Karl Ochsner
Keyword(s):  

2021 ◽  
Author(s):  
Aaron Shiels

Abstract The Pacific rat, R. exulans, is an major agricultural and environmental pest in parts of Southeast Asia and the Pacific. Thought to have spread with Polynesian colonists over the past several thousand years, it is now found through much of the Pacific basin, and is extensively distributed in the tropical Pacific. It poses a significant threat to indigenous wildlife, particularly ground-nesting birds, and has been linked to the extinction of several bird species. R. exulans may also transmit diseases to humans.


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