<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2683-2690</journal-id>
<journal-title><![CDATA[The Anáhuac journal]]></journal-title>
<abbrev-journal-title><![CDATA[The Anáhuac j.]]></abbrev-journal-title>
<issn>2683-2690</issn>
<publisher>
<publisher-name><![CDATA[Universidad Anáhuac del Sur S.C., Facultad de Economía y Negocios]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2683-26902024000100092</article-id>
<article-id pub-id-type="doi">10.36105/theanahuacjour.2024v24n1.04</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Does US Interest Rate Sentiment Impact Latin American ETFs?]]></article-title>
<article-title xml:lang="es"><![CDATA[¿Impacta el sentimiento estadounidense de las tasas de interés en los fondos latinoamericanos negociados en bolsa (ETF)?]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Valencia Herrera]]></surname>
<given-names><![CDATA[Humberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico y de Estudios Superiores de Monterrey EGADE Business School ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<volume>24</volume>
<numero>1</numero>
<fpage>92</fpage>
<lpage>113</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2683-26902024000100092&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2683-26902024000100092&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2683-26902024000100092&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Resumen En este artículo se analizó la dependencia de los rendimientos de fondos cotizados en bolsa (ETF) de seis países latinoamericanos respecto al sentimiento en relación con las tasas de interés y la reserva federal (FED) en las noticias de Estados Unidos (EE.UU.) durante el período de 2022 a 2023. Para cada uno de los fondos se usaron regresiones robustas con cero a dos rezagos para sentimientos positivos y negativos, y las rentabilidades previas. Se encontró que el sentimiento es estadísticamente significativo para algunos rezagos en los retornos de los ETF de Brasil, Chile y Perú, tanto en la moneda local como en el dólar estadounidense. El ETF Latin American 40 de pende asimismo del sentimiento respecto a la moneda estadounidense. También hay un efecto de momento sobre los rendimientos en moneda estadounidense y un efecto de reversión media en moneda local para todos los ETF considerados. El modelo de datos de panel para los ETF de los países considerados con efectos aleatorios y dos rezagos muestra que todos los cambios en el sentimiento considerados son estadísticamente significativos para los rendimientos, excepto el cambio en el sentimiento positivo sin rezagos.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Abstract This article examines the dependence of Exchange Traded Fund (ETF) returns in six Latin American countries on interest rate and the Federal Reserve (FED) sentiment in the United States (US) news, during the period 2022 to 2023. For each country, robust regressions with zero to two lags for positive and negative sentiments, and previous returns were used. It was found that sentiment is statistically significant for some lags of ETF returns in Brazil, Chile, and Peru, in both, local currency and US dollar. The Latin American 40 ETF also depends on sentiment in US currency. Furthermore, a moment effect on returns in US currency and a mean reverting effect in local currency was identified. A panel data model for the considered countries&#8217; ETFs with random effects and zero to two lags in the change of sentiment shows that all considered changes in sentiment are statistically significant for returns, except for the change in positive sentiment without lags.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[sentiment]]></kwd>
<kwd lng="es"><![CDATA[ETF]]></kwd>
<kwd lng="es"><![CDATA[returns]]></kwd>
<kwd lng="es"><![CDATA[interest rate]]></kwd>
<kwd lng="es"><![CDATA[Latin America]]></kwd>
<kwd lng="en"><![CDATA[sentimiento]]></kwd>
<kwd lng="en"><![CDATA[fondos negociados en bolsa]]></kwd>
<kwd lng="en"><![CDATA[retornos]]></kwd>
<kwd lng="en"><![CDATA[tasa de interés]]></kwd>
<kwd lng="en"><![CDATA[Latinoamérica]]></kwd>
</kwd-group>
</article-meta>
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