Results 141 to 150 of about 1,795,688 (201)
Some of the next articles are maybe not open access.
Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity
Social Science Research Network, 2020We identify fixed-income mutual funds as an important contributor to the unusually high selling pressure in traditionally liquid asset markets during the Covid-19 crisis.
Yiming Ma, Kai-Rong Xiao, Yao Zeng
semanticscholar +1 more source
Information acquisition and mutual funds
Journal of Economic Theory, 2004We explain the size and the existence of the mutual fund industry by generalizing the standard competitive noisy rational expectations framework with endogenous information acquisition. Since informed agents optimally choose to open mutual funds in order to sell their private information, mutual funds are an endogenous feature of our equilibrium.
Diego García, Joel M. Vanden
openaire +1 more source
Measuring Mutual Fund Flow Pressure as Shock to Stock Returns
Journal of Finance, 2020A large and rapidly growing literature examines the impact of misvaluation on firm policies by using mutual fund outflow‐induced price pressure to isolate nonfundamental price variation.
M. Wardlaw
semanticscholar +1 more source
The Mismatch Between Mutual Fund Scale and Skill
Journal of Finance, 2020I demonstrate that skill and scale are mismatched among actively managed equity mutual funds. Many mutual fund investors confuse the effects of fund exposures to common systematic factors with managerial skill when allocating capital among funds.
Yang Song
semanticscholar +1 more source
SSRN Electronic Journal, 2012
We show that cognitive ability influences mutual fund choice: high-IQ investors avoid funds with high management fees. Two competing stories can explain this phenomenon. One is that high-IQ consumers benefit less from costly services, as they find it easier to make informed financial decisions without external help. The alternative story is that these
Grinblatt, Mark +4 more
openaire +4 more sources
We show that cognitive ability influences mutual fund choice: high-IQ investors avoid funds with high management fees. Two competing stories can explain this phenomenon. One is that high-IQ consumers benefit less from costly services, as they find it easier to make informed financial decisions without external help. The alternative story is that these
Grinblatt, Mark +4 more
openaire +4 more sources
, 2020
This paper examines the financial literacy of mutual fund retail investors and its relationship with their investment outcomes. Using a unique dataset on Chinese mutual fund retail investors containing a survey on financial literacy, we find that women ...
Jinglin Jiang +3 more
semanticscholar +1 more source
This paper examines the financial literacy of mutual fund retail investors and its relationship with their investment outcomes. Using a unique dataset on Chinese mutual fund retail investors containing a survey on financial literacy, we find that women ...
Jinglin Jiang +3 more
semanticscholar +1 more source
Terrorist attacks and investor risk preference: Evidence from mutual fund flows
Journal of Financial Economics, 2020Using a comprehensive list of terrorist attacks over three decades, we find that aggregate investor risk aversion inversely relates to terrorist activity in the United States. A one standard deviation increase in the number of attacks each month leads to
Albert Y. Wang, Michael Young
semanticscholar +1 more source
Out-of-Sample Performance of Mutual Fund Predictors
The Review of financial studies, 2020We analyze the out-of-sample performance of variables shown to forecast future mutual fund alphas. The degree of predictability, as measured by alpha spreads from quintile sorts or cross-sectional regression slopes, falls by at least half post-sample ...
Christopher S. Jones, Hai-Tao Mo
semanticscholar +1 more source
GIS Business, 2019
The Indian mutual fund industry witnessed a remarkable performance in the past 30 years. After independence, with the joint effort of the Indian government and the Reserve Bank of India, the establishment of Unit Trust of India marked the beginning of the mutual fund industry in India.
H. Kent Baker +2 more
openaire +2 more sources
The Indian mutual fund industry witnessed a remarkable performance in the past 30 years. After independence, with the joint effort of the Indian government and the Reserve Bank of India, the establishment of Unit Trust of India marked the beginning of the mutual fund industry in India.
H. Kent Baker +2 more
openaire +2 more sources
The devil in the style: Mutual fund style drift, performance and common risk factors
, 2020Style drift contributes to mutual fund performance at the cost of additional risks associated with styles. We find that, although style drift enhances the net return of Chinese mutual funds by 3.03% per month relative to peer funds, the profit is at risk.
Yezhou Sha
semanticscholar +1 more source