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Financial markets diffusion patterns. The case of Mexican investment funds
Marszk, Adam; Lechman, Ewa; Kaur, Harleen - 2016
market in many countries, including Mexico. Due to their similar investment objectives, ETFs are considered substitutes for … mutual funds. This paper examines the changes of the investment funds (ETFs and mutual funds) in Mexico over 2002-2012 using …
Persistent link: https://www.econbiz.de/10011783033
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Development of innovative financial products in Europe: Case of exchange-traded products in Germany
Marszk, Adam - 2017
Research background: Exchange-traded products (ETPs) are one of the most rapidly growing categories of financial products. Their fast development has been boosted by innovative features. Three main categories of ETPs are exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and...
Persistent link: https://www.econbiz.de/10012232642
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Reviewing the relationship between dividend and free cash flow of nonfinancial firms of KSE 100
Muddasir, Muhammad; Mughal, Saad Ullah - In: International Econometric Review (IER) 14 (2022) 4, pp. 107-123
Dividend payments are the primary concern of short-term investors, while free cash flow is for long-term investors. In accordance with, the first aim of the study is to the measures of long term and short-term investments and secondly, we have checked whether the dividend payout of the small...
Persistent link: https://www.econbiz.de/10014518989
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Reshaping financial systems. New technologies and financial innovations - Evidence from the United States, Mexico and Brazil
Lechman, Ewa; Marszk, Adam - 2014
. Particularly, we examine the impact of ICT adoption on changing values of exchange traded funds in Brazil and Mexico, comparing it … fast development of exchange traded funds in Mexico and in the United States, measured by increases in assets under … management. Moreover, in the period 2002-2012 Mexico has caught up with the United States in terms of ETFs share in total …
Persistent link: https://www.econbiz.de/10011783019
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Finance and diversification
Manganelli, Simone; Popov, Alexander - 2010
We study how financial market efficiency affects a measure of diversification of output across industrial sectors borrowed from the portfolio allocation literature. Using data on sector-level value added for a wide cross section of countries and for various levels of disaggregation, we construct...
Persistent link: https://www.econbiz.de/10011605305
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Socially Responsible Investments in Germany, Switzerland and the United States: An Analysis of Investment Funds and Indices
Schröder, Michael - 2003
The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as performance measure. The analysis considers market timing strategies of the fund management...
Persistent link: https://www.econbiz.de/10010298128
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The influence of buy-side analysts on mutual fund trading
Frey, Stefan; Herbst, Patrick - 2010
We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data provided by a large global asset manager, we relate buy-side analysts' recommendations to fund transactions on a daily basis. Our results show that buy-side analysts have a...
Persistent link: https://www.econbiz.de/10010302544
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Are there disadvantaged clienteles in mutual funds?
Jank, Stephan - 2010
This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and...
Persistent link: https://www.econbiz.de/10010303922
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Explaining Hedge Fund Investment Styles by Loss Aversion
Siegmann, Arjen; Lucas, André - 2002
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It is difficult to qualify all these patternssimultaneously as being rational in a traditional framework for optimal financial decisionmaking. In this paper we present a simple...
Persistent link: https://www.econbiz.de/10010324945
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What's in your 403(b)? Academic retirement plans and the costs of underdiversification
Angus, John; Brown, William O.; Smith, Janet Kiholm; … - 2005
Many college and university 403(b) plans restrict the menu of investment choices to funds offered by TIAA-CREF, the current manager of over half of all 403(b) contributions. Further, in the face of Internal Revenue Code changes that will take effect in 2006 and will make 403(b) plan ERISA...
Persistent link: https://www.econbiz.de/10010276762