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Mutual fund flows, expected returns, and the real economy
Jank, Stephan - 2011 - First draft: December 4, 2010, This draft: February 7, 2011
The paper explores whether the co-movement of market returns and equity fund flows can be explained by a common response to macroeconomic news. I find that variables that predict the real economy as well as the equity premium are related to mutual fund flows. Changes in dividend-price ratio...
Persistent link: https://www.econbiz.de/10008902922
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
fund families show higher sales and redemption rates. Further family size also affects the flow-performance relationship …: Investors in large families punish bad performance more. Last, we find that inner family rankings play an important part for … redemptions, with investors strongly redeeming their shares from intra-family losers. -- Mutual Funds ; Fund Family ; Flow …
Persistent link: https://www.econbiz.de/10008666514
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - In: The European journal of finance 19 (2013) 1/2, pp. 127-144
Persistent link: https://www.econbiz.de/10009733290
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
fund families show higher sales and redemption rates. Furthermore, family size also affects the flow … winners more. Finally, we find that inner-family rankings play an important role for redemptions, with investors strongly … redeeming their shares from intra-family losers. -- Mutual funds ; fund family ; flow-performance relationship …
Persistent link: https://www.econbiz.de/10003967206
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Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families
Jank, Stephan - 2016
fund families show higher sales and redemption rates. Furthermore, family size also affects the flow … winners more. Finally, we find that inner-family rankings play an important role for redemptions, with investors strongly … redeeming their shares from intra-family losers …
Persistent link: https://www.econbiz.de/10012989248
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Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families
Jank, Stephan - 2010
fund families show higher sales and redemption rates. Furthermore, family size also affects the flow … winners more. Finally, we find that inner-family rankings play an important role for redemptions, with investors strongly … redeeming their shares from intra-family losers …
Persistent link: https://www.econbiz.de/10013141827
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Mutual fund performance and seemingly unrelated assets
Pástor, Ľuboš; Stambaugh, Robert F. - In: Journal of financial economics 63 (2002) 3, pp. 315-349
Persistent link: https://www.econbiz.de/10001661695
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Mutual fund performance and seemingly unrelated assets
Pástor, Ľuboš (contributor);  … - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001551884
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Mutual fund performance and seemingly unrelated assets
Pástor, Ľuboš (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002011410
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Who trades on momentum?
Baltzer, Markus; Jank, Stephan; Smajlbegovic, Esad - 2015
Using a unique data set that contains the complete ownership structure of the German stock market, we study the momentum and contrarian trading of different investor groups. Foreign investors and financial institutions, and especially mutual funds, are momentum traders, whereas private...
Persistent link: https://www.econbiz.de/10010467770