TY - JOUR

T1 - Fundamental investment research - do US results apply to Australian investors?

AU - Vanstone, Bruce J

AU - Hahn, Tobias

PY - 2009

Y1 - 2009

N2 - For many investors, the financial crisis of 2008 and 2009 has sparked renewed interest in value-based investment approaches. There is much published research supporting the use of fundamental analysis for value-based investment, and much of this research comes from the US. In previous articles, we have shown that US based fundamental investment research does not translate well to the Australian market. In this paper, we show how to test a well documented US fundamental investment strategy and find that it also does not transfer well to our Australian market.

AB - For many investors, the financial crisis of 2008 and 2009 has sparked renewed interest in value-based investment approaches. There is much published research supporting the use of fundamental analysis for value-based investment, and much of this research comes from the US. In previous articles, we have shown that US based fundamental investment research does not translate well to the Australian market. In this paper, we show how to test a well documented US fundamental investment strategy and find that it also does not transfer well to our Australian market.

M3 - Article

JO - The Australasian Journal of Applied Finance

JF - The Australasian Journal of Applied Finance

SN - 0313-5934

IS - 4

ER -