Football World Cup and Equity Markets
three line summary :
1) On average, the victor outperforms the global market by 3.5% in the first month – a meaningful amount ( $EWG)
2) Most of the World Cup runners-up have seen their stock markets continue to underperform, with an average relative fall of 5.6% over the first three months ($ARGT)
3) the host country has enjoyed an outperformance of its stock market in the month after the event. The average outperformance is 2.7%, ( $EWZ)
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