The Impact of Passive Investing on Market Fragility

A simple theoretical model with active and passive investors is proposed. The model implies that in the bullish time the presence of passive investors enhances the growth of prices while in the bearish time enhances the declines. Therefore the growing popularity of passive investment funds, especially highly liquid ETFs, can have negative consequences and increases market fragility what is supported by the empirical evidence

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Year of publication:	2016
Authors:	Maryniak, Paweł
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Investmentfonds \| Investment Fund

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 31, 2016 erstellt
Other identifiers:	10.2139/ssrn.2862178 [DOI]
Classification:	G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012980132