in the autocorrelation structure of factor returns. Importantly, we find that herding increases mutual funds' performance …This paper studies the added value of intentional style herding for mutual fund managers. We find that herding in … styles is significant and persistent, especially for active funds. We also report that herding tends to increase after …

’ performance. Overall, the results illustrate that intentional herding in styles is prevalent and has important consequences for …We study intentional herding in investment styles by mutual funds, and its consequences. We find that style herding is … significant and persistent, especially for active funds. Herding tends to increase after periods of high market volatility and …

’ performance. Overall, the results illustrate that intentional herding in styles is prevalent and has important consequences for …We study intentional herding in investment styles by mutual funds, and its consequences. We find that style herding is … significant and persistent, especially for active funds. Herding tends to increase after periods of high market volatility and …