The dynamics between international equity and currency markets are often misunderstood. Mr. Yan’s paper offers important findings and new insights that provide clarity about how these forces impact foreign markets.
Denver, CO (PRWEB) January 13, 2015
Investment Management Consultants Association® (IMCA®) announced today that Cheng Yan is the winner of the third annual Journal of Investment Consulting Academic Paper Competition for his paper “Foreign Investors in Emerging Equity Markets: Currency Effect Perspective.” Yan is a doctoral student at the Cass Business School, City University London, and the first student to win the prestigious award, which is accompanied by a $5,000 prize. His work will be published in the spring 2015 issue of the Journal of Investment Consulting.
The paper takes a foreign-exchange perspective to investigate the daily trading behavior and price impact of foreign investors in six Asian emerging equity markets over the past two decades. It examines the unsolved interrelationship between the capital flows and stock returns and explores a possible role of exchange rate in the process during which foreign investment affects local equity markets.
“The dynamics between international equity and currency markets are often misunderstood,” said Margaret M. Towle, PhD, CIMA®, CPWA®, Journal of Investment Consulting editor-in-chief. “Mr. Yan’s paper offers important findings and new insights that provide clarity about how these forces impact foreign markets.”
The competition called for papers on topics that examine recent research relevant to investment consulting and private wealth management, and provide a development of theory and applied research on the chosen topic. Papers are invited from academics and doctoral students, with special encouragement to nontenured faculty. The Journal of Investment Consulting editorial advisory board selected the winning paper based on quality and relevancy of the research to investment management consultants and investment advisors.
Click here for more information about the Journal of Investment Consulting and the academic paper competition.
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