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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

Essays on return information and financial markets

Brunner, Fabian - 2020

Persistent link: https://www.econbiz.de/10012500556

Die Kapitalanlageperformance der Lebensversicherer im Vergleich zur Fondsanlage unter Rendite- und Risikoaspekten : eine empirische Studie mit Folgerungen für Alterssicherung und V...

Albrecht, Peter; Maurer, Raimond; Schradin, Heinrich R. - 1999

Persistent link: https://www.econbiz.de/10001413181

Tournaments in mutual fund families

Kempf, Alexander; Ruenzi, Stefan - 2004

position within their fund family. The direction of the adjustment crucially hinges on the competitive situation within a … family. Funds from small families behave in the opposite way than funds from large families. The results are very robust …

Persistent link: https://www.econbiz.de/10009524829

Optimale Gestaltung von Fondsfamilien : Organisation und Intrafirmenwettbewerb

Ruenzi, Stefan - 2006

Persistent link: https://www.econbiz.de/10013515556

Optimale Gestaltung von Fondsfamilien : Organisation und Intrafirmenwettbewerb

Ruenzi, Stefan - 2006 - 1. Aufl.

Persistent link: https://www.econbiz.de/10003233126

Joint extreme events in equity returns and liquidity and their cross-sectional pricing implications

Ruenzi, Stefan; Ungeheuer, Michael; Weigert, Florian - 2020 - This version: January 2020

We merge the literature on downside return risk and liquidity risk and introduce the concept of extreme downside liquidity (EDL) risks. The cross-section of stock returns reflects a premium if a stock's return (liquidity) is lowest at the same time when the market liquidity (return) is lowest....

Persistent link: https://www.econbiz.de/10012175486

The impact of investor sentiment on the German stock market

Finter, Philipp; Niessen-Ruenzi, Alexandra; Ruenzi, Stefan - 2010

This paper investigates whether investor sentiment can explain stock returns on the German stock market. Based on a principal component analysis, we construct a sentiment indicator that condenses information of several well-known sentiment proxies. We show that this indicator explains the return...

Persistent link: https://www.econbiz.de/10008666530

The impact of investor sentiment on the German stock market

Finter, Philipp; Niessen-Ruenzi, Alexandra; Ruenzi, Stefan - 2011 - First Version: December 2008, This Version: October 2011

This paper develops a broad-based sentiment indicator for Germany and investigates whether investor sentiment can explain stock returns on the German stock market. Based on a principal component analysis, we construct a sentiment indicator that condenses information of several well-known...

Persistent link: https://www.econbiz.de/10009705481

A multiple factor model for European stocks

Stephan, Thomas G.; Maurer, Raimond; Dürr, Martin - 2000

Persistent link: https://www.econbiz.de/10013444414