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Mutual funds and safe government bonds : do returns matter?
Graziano, Marco; Habib, Maurizio Michael - 2024
This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds. We find evidence of active rebalancing towards government bonds that offer relatively higher returns on an unhedged basis, in particular...
Persistent link: https://www.econbiz.de/10014527087
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - 2010
This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10008666514
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Purchase and redemption decisions of mutual fund investors of variable life insurance-using quantile regression
Wang, Nan-Yu; Chen, Sen-Sung; Huang, Chih-Jen; Yen, … - In: International journal of economics and financial issues … 4 (2014) 4, pp. 714-725
Persistent link: https://www.econbiz.de/10010527320
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Purchase and redemption decisions of mutual fund investors and the role of fund families
Jank, Stephan; Wedow, Michael - In: The European journal of finance 19 (2013) 1/2, pp. 127-144
Persistent link: https://www.econbiz.de/10009733290
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Window dressing in mutual funds
Agarwal, Vikas; Gay, Gerald D.; Ling, Leng - 2014
We provide a rationale for window dressing where investors respond to conflicting signals of managerial ability inferred from a fund's performance and disclosed portfolio holdings. We contend that window dressers take a risky bet on their performance during a reporting delay period, which...
Persistent link: https://www.econbiz.de/10010363240
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Window dressing in mutual funds
Agarwal, Vikas; Gay, Gerald D.; Ling, Leng - 2013 - First Version: March 31, 2011, This version: July 26, 2013
We provide a rationale for window dressing where investors respond to conflicting signals of managerial ability inferred from a fund's performance and its disclosed portfolio holdings. We contend that window dressers take a risky bet on their performance during a reporting delay period, which...
Persistent link: https://www.econbiz.de/10009784848
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The wisdom of crowds : mutual fund investors' aggregate asset allocation decisions
Chalmers, John M. R.; Kaul, Aditya; Phillips, Blake - In: Journal of banking & finance 37 (2013) 9, pp. 3318-3333
Persistent link: https://www.econbiz.de/10010126430
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Investors' expectations, management fees and the underperformance of mutual funds
Huesler, Andreas D.; Malevergne, Yannick; Sornette, Didier - In: International Journal of Portfolio Analysis and Management 1 (2014) 4, pp. 345-379
Persistent link: https://www.econbiz.de/10010472812
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Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families
Jank, Stephan - 2016
This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10012989248
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The Flow-Performance Relationship in Emerging Market Bond Funds
Leung, David - 2018
We investigate the relationship between net inflow to mutual bond funds that invest in emerging market economies (EMEs …) and the past performance of these funds. Our main finding is that EME bond funds display a convex flow … media coverage towards outperforming funds, and the relatively high participation costs of EME bond funds. Furthermore, we …
Persistent link: https://www.econbiz.de/10012929173