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Improving on defaults : helping pension participants manage financial market risk in target date funds
Turner, John A.; Klein, Bruce W. - In: Risks : open access journal 9 (2021) 4, pp. 1-14
gender. Financial education can help people do a better job of managing financial market risk in their pension portfolios …
Persistent link: https://www.econbiz.de/10012508770
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Do Female Fund Managers Outperform Their Male Counterparts? A Quantitative Analysis of U.K. Retail Funds
Schmidt PhD, Jacob H; Hutton Chimes, Bianca - 2023
female and male fund managers worldwide. The aim of this paper is to ascertain if gender is a contributing factor for fund …
Persistent link: https://www.econbiz.de/10014254631
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Do Female Fund Managers Outperform Their Male Counterparts? A Quantitative Analysis of U.K. Retail Funds
Schmidt PhD, Jacob H; Hutton Chimes, Bianca - 2023
female and male fund managers worldwide. The aim of this paper is to ascertain if gender is a contributing factor to fund …
Persistent link: https://www.econbiz.de/10014344115
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Will women be women? : analyzing the gender difference among financial experts
Beckmann, Daniela (contributor); Menkhoff, Lukas (contributor) - 2008
There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as … expertise tends to level these differences, we ask whether financial experts still show gender dissimilarities in their domains … that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from …
Persistent link: https://www.econbiz.de/10003663198
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Seasonal asset allocation : evidence from mutual fund flows
Kamstra, Mark J.; Kramer, Lisa A.; Levi, Maurice D.; … - 2013
Over the past 30 years, mutual funds have become the dominant vehicle through which individual investors prepare for retirement via defined contribution plans. Further, money market mutual funds, which hold $2.7 trillion as of September 2013, are now a major part of the cash economy in the U.S....
Persistent link: https://www.econbiz.de/10010223510
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When Risk and Return are Not Enough : The Role of Loss Aversion in Private Investors' Choice of Mutual Fund Fee Structures
Ehm, Christian - 2014
Using data from surveys as well as as real transactions we analyze which and why investors choose funds with performance fees even though these funds may be more expensive. According to agency theory, performance fees could incentivize managers to achieve better returns, but they could also...
Persistent link: https://www.econbiz.de/10013064139
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Investor Behavior under Prospect Theory : Evidence from Mutual Funds
Guo, Jin; Schoenleber, Lorenzo - 2021
This paper studies the investment behavior of investors and fund managers within the mutual funds industry. We find that investors are biased in their fund purchase decisions in a way described by prospect theory: The prospect theory value predicts future fund flows, even though it is not...
Persistent link: https://www.econbiz.de/10013240251
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Time-Varying Loss Aversion of Mutual Fund Managers as a Response to Incentives
Liu, Liyuan; Pantelous, Athanasios A.; Xie, Yuxin; Zheng, Lu - 2022
Using detailed mutual fund holdings in the US market, we estimate active mutual fund managers’ loss aversion as a function of both funds’ past performance and asset allocations. We document a substantial variation in loss aversion over time. We further find managers' loss aversion is higher...
Persistent link: https://www.econbiz.de/10014245005
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Will women be women?: analyzing the gender difference among financial experts
Beckmann, Daniela; Menkhoff, Lukas - 2008
There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as … expertise tends to level these differences, we ask whether financial experts still show gender dissimilarities in their domains … that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from …
Persistent link: https://www.econbiz.de/10010264941
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Portfolio Performance Evaluation with Loss Aversion
Zakamulin, Valeriy - 2011
In this paper we consider a loss averse investor equipped with a specific, but still quite general, utility function motivated by behavioral finance. We show that under some concrete assumptions about the form of this utility one can derive closed-form solutions for the investor's portfolio...
Persistent link: https://www.econbiz.de/10013134038