Motivated by the observation that elderly liquidate their mutual fund holdings regularly, we examine whether mortality … high mortality rates would be associated with higher net fund inflows because aggregate withdrawals decline. Consistent … with our conjecture, we find that fund inflows are more positive during high mortality months, even after accounting for …

Insurers issuing segregated fund policies apply dynamic hedging to mitigate risks related to guarantees embedded in … the imperfect correlation between the underlying fund and its corresponding hedging instruments. The current work … discusses the implications of using fund mapping regressions when the joint dynamics of the underlying and hedging assets is a …