Please use this identifier to cite or link to this item:
|Title:||Intermarket timing in equity investments: Hong Kong versus Singapore||Authors:||Wong, K.A.
|Issue Date:||2000||Citation:||Wong, K.A.,Tai, L.S. (2000). Intermarket timing in equity investments: Hong Kong versus Singapore. Journal of Economic Studies 27 (6) : 525-540. ScholarBank@NUS Repository. https://doi.org/10.1108/01443580010354435||Abstract:||Market timing offers an attractive alternative to buying-and-holding assets if the investors can predict market movements accurately. The objective of this paper is to test the profitability of market timing between two national equity markets and to determine the required level of predictive accuracy for such a venture to pay off. Hong Kong and Singapore stock markets are chosen due to the likeliness for investors to switch investments between these two markets. Three different frequencies of portfolio revision together with three levels of transaction costs are employed in the test. The results reveal that portfolios, that are revised every quarter, display the most likelihood of achieving profits greater than that of a buy-and-hold strategy. However, the required level of predictive accuracy may still be beyond the reach of most of the investors. © MCB University Press.||Source Title:||Journal of Economic Studies||URI:||http://scholarbank.nus.edu.sg/handle/10635/45244||ISSN:||01443585||DOI:||10.1108/01443580010354435|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on May 15, 2019
checked on May 12, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.