This study analyzes a surrogate investment strategy by using a developed market as a possible candidate for investment in developing markets. It examines the markets of Spain and four Latin American countries: Argentina, Brazil, Mexico and Chile. Both short-run and long-run relationships are...

This study investigates whether country effects or regional effects are prominent in iShares and country funds that trade in the US. iShares and country funds from three European and three Asian countries are investigated for possible long run and short-run relationships among iShares and...