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Target Date Funds and Portfolio Choice in 401(k) Plans
Mitchell, Olivia S. - 2020
investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity …
Persistent link: https://www.econbiz.de/10012479208
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On the Size of the Active Management Industry
Pastor, Lubos - 2010
We argue that active management's popularity is not puzzling despite the industry's poor track record. Our explanation features decreasing returns to scale: As the industry's size increases, every manager's ability to outperform passive benchmarks declines. The poor track record occurred before...
Persistent link: https://www.econbiz.de/10012463004
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How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?
Beshears, John - 2009
scope of investor confusion about sales loads. Even with a one-month investment horizon, subjects do not avoid loads …
Persistent link: https://www.econbiz.de/10012463789
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Individual Investor Mutual-Fund Flows
Ivkovich, Zoran - 2008
in value and are willing to sell losing funds. Second, individuals pay attention to investment costs as redemption …
Persistent link: https://www.econbiz.de/10012464066
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Money Doctors
Gennaioli, Nicola - 2012
investment, and allows managers to charge higher fees to investors who trust them more. Money managers compete for investor funds …
Persistent link: https://www.econbiz.de/10012460486
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Pension Fund Investment Policy
Bodie, Zvi - 1988
The purpose of this paper is to survey what is known about the investment policy of pension funds. Pension fund … investment policy depends critically on the type of plan: defined contribution versus defined benefit. For defined contribution … plans investment policy is not much different than it is for an individual deciding how to invest the money in an Individual …
Persistent link: https://www.econbiz.de/10012476308
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Asset Location for Retirement Savers
Poterba, James M. - 2000
This paper uses data on actual returns on taxable bonds, tax-exempt bonds, and a small sample of equity mutual funds over the 1962-1998 period to compare two asset location strategies for retirement savers. The first strategy gives priority to holding equities, through equity mutual funds, in a...
Persistent link: https://www.econbiz.de/10012470740
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Daily Momentum and Contrarian Behavior of Index Fund Investors
Goetzmann, William N. - 2000
We use a two-year panel of individual accounts in an S&P 500 index mutual fund to examine the trading and investment … to characterize investors' heterogeneity in terms of their investment patterns. In particular, we identify positive …
Persistent link: https://www.econbiz.de/10012471208
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On Mutual Fund Investment Styles
Chan, Louis K.C. - 1999
We provide an exploratory investigation of mutual funds' investment styles. Funds' styles tend to cluster around a …
Persistent link: https://www.econbiz.de/10012471574
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Mutual Funds and Institutional Investments : What is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
James, Estelle - 1999
institutional market with constrained choice among investment companies, and 3) a centralized fund without individual accounts or …
Persistent link: https://www.econbiz.de/10012471752