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geographical portfolio choice of international mutual fund managers. We find that large-scale asset purchases have significant … that mutual fund managers rebalance their portfolios away from the developed country conducting large-scale asset purchases … and towards other developed markets. We find little evidence for fund managers contributing to QE-induced capital flows to …
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We explore the transmission of the ECB's public sector asset purchase programme (PSPP) via the portfolio rebalancing of investment funds and their investors. Evidence for this channel would validate several theoretical propositions and provide insights into market perceptions of intervention...
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Bank affects the geographical portfolio choice of international mutual fund managers. UMP prompts managers of mutual funds … emerging markets, mutual fund managers play a role in the transmission of unconventional monetary policy, in particular LSAPs …
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