Narrow search
Showing 1 - 10 of 151
Cover Image
Is a team different from the sum of its parts? : evidence from mutual fund managers
Bär, Michaela; Kempf, Alexander; Ruenzi, Stefan - 2005
family characteristics as well as manager characteristics. Additionally, teams exhibit a lower active share and lower risk …
Persistent link: https://www.econbiz.de/10009524811
Cover Image
Family matters : ranking within fund families and fund inflows
Kempf, Alexander; Ruenzi, Stefan - 2004
This paper examines the influence of the position of a fund within its family on its subsequent net-inflows. Our … empirical study of the US equity mutual fund market shows that reaching a top position within the family leads to large inflows … moves into the top positions within its family from one year to another. These results lead to competition within the fund …
Persistent link: https://www.econbiz.de/10009524827
Cover Image
Status quo bias and the number of alternatives : an empirical illustration from the mutual fund industry
Kempf, Alexander; Ruenzi, Stefan - 2005
We examine the extent of the Status Quo Bias (SQB) in a real-world repeated decision situation. Individuals who are subject to a SQB tend to choose an alternative that was chosen previously (i.e. their status quo), even if it is not the optimal choice any more. We examine the US equity mutual...
Persistent link: https://www.econbiz.de/10009524814
Cover Image
Overconfidence among professional investors : evidence from mutual fund managers
Pütz, Alexander (contributor); Ruenzi, Stefan (contributor) - 2008
We examine overconfidence among equity mutual fund managers. While overconfidence has been extensively documented among retail investors, evidence from professional investors is scarce. Consistent with theories of overconfidence, we find that fund managers trade more after good past performance....
Persistent link: https://www.econbiz.de/10003783625
Cover Image
Overconfidence among professional investors : evidence from mutual fund managers
Pütz, Alexander (contributor); Ruenzi, Stefan (contributor) - 2010 - First Version: August 2007, This Version: November 2010
We examine overconfidence among equity mutual fund managers. While overconfidence has been extensively documented among retail investors, evidence from professional investors is scarce. Consistent with theories of overconfidence, we find that fund managers trade more after good past performance....
Persistent link: https://www.econbiz.de/10009705513
Cover Image
Mutual fund shareholder letters : flows, performance, and managerial behavior
Hillert, Alexander; Niessen-Ruenzi, Alexandra; Ruenzi, … - 2023
Fund companies regularly send shareholder letters to their investors. We use textual analysis to investigate whether these letters' writing style influences fund flows and whether it predicts performance and investment styles. Fund investors react to the tone and content of shareholder letters:...
Persistent link: https://www.econbiz.de/10013535838
Cover Image
Kontrolle und Entlohnung von Spezialfonds als Instrument der Vermögensanlage von Versicherungsunternehmen
Maurer, Raimond - 1996
Persistent link: https://www.econbiz.de/10000562130
Cover Image
Equity fund flows and stock market returns in the US before and after the global financial crisis : a VAR-GARCH-in-mean analysis
Babalos, Vassilios; Caporale, Guglielmo Maria; … - 2016
The 2008-2009 global financial crisis has raised new questions about the relationship between equity fund flows and stock market returns. This paper analyses it using US monthly data over the period 2000:1-2015:08. A VAR-GARCH(1,1)-in-mean model with a BEKK representation is estimated, and a...
Persistent link: https://www.econbiz.de/10011479824
Cover Image
Equity fund flows and stock market returns in the US before and after the global financial crisis : a VAR-GARCH-in-mean Analysis
Babalos, Vassilios; Caporale, Guglielmo Maria; … - 2016
The 2008-2009 global financial crisis has raised new questions about the relationship between equity fund flows and stock market returns. This paper analyses it using US monthly data over the period 2000:1-2015:08. A VAR-GARCH(1,1)-in-mean model with a BEKK representation is estimated, and a...
Persistent link: https://www.econbiz.de/10011482859
Cover Image
Style consistency and mutual fund returns : the case of Russia
Bayarmaa, Adiya; Caporale, Guglielmo Maria - 2019
Persistent link: https://www.econbiz.de/10011996353