Olivares, Jose; Sepulveda, Jean P. - Facultad de Economía y Negocios, Universidad del Desarrollo - 2007
We use Sias (2014) approach to decompose the correlation among investment strategies followed by pension funds administrators in the Chilean private pension fund system during the periods 1997-2001 and 2002-2005, and find that most of this correlation is explained by herding behavior. That is,...
