%0 Journal Article %A A. Michael Keppler %A Xing Hong Xue %T The Seasonal Price Behavior of Global Equity Markets %D 2003 %R 10.3905/joi.2003.319567 %J The Journal of Investing %P 49-53 %V 12 %N 4 %X Global equity investors could achieve superior returns at lower risk during the months of November through April if they are able to move in and out of markets with no or low transaction costs and tax consequences. The seasonal price patterns described in this study may be generic rather than time-specific as long as the majority of the causes identified continue to apply. %U https://joi.pm-research.com/content/iijinvest/12/4/49.full.pdf