文章基本信息

标题：A Note on the Early Effects of the Brexit and US Presidential Votes on REITs
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作者：Mark Schaub
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2020
卷号：12
期号：6
页码：14-17
DOI：10.5539/ijef.v12n6p14
出版社：Canadian Center of Science and Education
摘要：The votes for Brexit and the US President that occurred in June and November of 2016 took some investors by surprise. Markets reacted around the world with some countries, currencies and industries being affected more than others. This note finds US REITs significantly outperformed the S&P 500 market index on the day of both elections. However, during the event windows starting 5 days before each vote until 5 days after, results are significant but mixed. These results may indicate REIT investment returns are uncorrelated with market index returns influenced by certain national events.
关键词：REITs;portfolio diversification;early wealth effects;event studies