Results 151 to 160 of about 4,157 (196)
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International Mutual Fund Flows
SSRN Electronic Journal, 2006The last few decades has witnessed a dramatic growth of U.S. based mutual funds that invest in non-U.S. stock markets. This paper provides a comprehensive analysis of flows into these international mutual funds for 1970-2003. Our analysis uncovers several new facts about mutual fund flows.
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Mutual fund recommendations on fund flows and returns
2023Using Thailand open-end mutual fund samples from 2017 to 2019, this study examines the impact of analysts’ recommendations on mutual fund flow and return. We decide to use the analysts’ recommendation from two big management companies in Thailand who publicly released their analysts’ recommendation in weekly periods, SCBAM and KAsset.
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Returns and Fund Flows in Canadian Mutual Funds
2007With nearly $440bn in assets and 51 million account holders by the end of the year 2003 in Canada, mutual funds now occupy a prominent position among financial intermediaries. The 1990s witnessed an explosive growth in mutual funds in Canada; the number of accounts grew nearly tenfold during this period.
Rajeeva Sinha, Vijay Jog
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Fund Flows, Momentum, and Mutual Fund Performance
The Journal of Investing, 2012Past research has questioned the intelligence of mutual fund investors, where intelligence is defined as the future performance of new cash flows into mutual funds. New mutual fund dollars tend to overwhelmingly flow toward those funds that have recently outperformed their peers. This fact, along with the momentum effect, or persistence in performance,
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Mutual Fund Style Volatility and Fund Flows
SSRN Electronic Journal, 2016Mutual fund managers often follow investment strategies that result in a drift of their investment styles over time. This paper empirically examines whether the behavior of mutual fund investors is affected by this style drift using a comprehensive sample of U.S. actively-managed equity mutual funds from 1985 to 2013.
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Mutual fund flows and window-dressing
The Quarterly Review of Economics and Finance, 2013Abstract We use a sequential game to analyze an agency problem in the mutual fund industry where a representative fund manager considers window-dressing his portfolio holdings for the purpose of attracting fund flows from a representative investor. The manager is motivated to window-dress to improve the investor's perception of managerial skill which
Ling, Leng, Arias, J. J.
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Inflation and equity mutual fund flows
Journal of Financial Markets, 2018Abstract We document a negative relation between inflation and aggregate equity mutual fund flows and hypothesize that this relation is partly due to inflation illusion on the part of investors. Inflation illusion occurs when investors fail to incorporate the effect of inflation into their estimates of nominal growth rates.
Srinivasan Krishnamurthy +2 more
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MUTUAL FUND PORTFOLIO CHOICE IN THE PRESENCE OF DYNAMIC FLOWS
Mathematical Finance, 2002This paper is concerned with the study of implications of dynamic flows on a fund's portfolio decisions, and gives understanding of the dynamic portfolio decisions made by fund managers in a dynamic, continuous-time economy with small investors and a fund manager.
Hugonnier, Julien, Kaniel, Ron
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The impact of fund fees on mutual fund flows in Thailand
2023This study investigates the sensitivity of mutual fund flows to the different types of mutual fund fees, including management fees, front-end load fees, along with back-end load fees and compares the relative level of sophistication among investors in bank related funds versus non-bank related funds and also tax benefit funds versus non-tax benefit ...
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