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ICT Technologies and Financial Innovations : The Case of Exchange Traded Funds in Brazil, Japan, Mexico, South Korea and the United States

Lechman, Ewa - 2014

examine the impact of increasing ICT penetration on the assets of exchange traded funds in Brazil, Mexico, Japan and South …, Mexico, the United States and South Korea; while in Brazil the analogous relationship is relatively weak, although still …

Persistent link: https://www.econbiz.de/10013040147

Reshaping Financial Systems. New Technologies and Financial Innovations – Evidence from the United States, Mexico and Brazil

Lechman, Ewa - 2014

. Particularly, we examine the impact of ICT adoption on changing values of exchange traded funds in Brazil and Mexico, comparing it … development of exchange traded funds in Mexico and in the United States, measured by increases in assets under management …. Moreover, in the period 2002-2012 Mexico has caught up with the United States in terms of ETFs share in total investment funds …

Persistent link: https://www.econbiz.de/10013056582

Reshaping financial systems : new technologies and financial innovations - evidence from the United States, Mexico and Brazil

Lechman, Ewa; Marszk, Adam - 2014

. Particularly, we examine the impact of ICT adoption on changing values of exchange traded funds in Brazil and Mexico, comparing it … fast development of exchange traded funds in Mexico and in the United States, measured by increases in assets under … management. Moreover, in the period 2002-2012 Mexico has caught up with the United States in terms of ETFs share in total …

Persistent link: https://www.econbiz.de/10011802118

The Domestic Transmission of International Shocks : Evidence from US and Mexican Mutual Funds

De Jesus, Miguel - 2018

In this study, I demonstrate that international mutual funds can cause temporary stock price deviations from fundamentals in the countries they have positions in. I show that US mutual funds massively sold their Mexican equity when the recent crisis was developing, which then led to the average...

Persistent link: https://www.econbiz.de/10012930987

Target Date Funds as Asset Market Stabilizers : Evidence from the Pandemic

Parker, Jonathan A.; Sun, Yang - National Bureau of Economic Research - 2023

Target Date Funds (TDFs) provide retirement investors, many of whom are unsophisticated or inattentive, with age-appropriate exposures to different asset classes like stocks and bonds. To maintain exposures, TDFs trade actively against market returns, buying stock funds when the stock market...

Persistent link: https://www.econbiz.de/10014337872

The Risk, Reward, and Asset Allocation of Nonprofit Endowment Funds

Lo, Andrew W.; Matveyev, Egor V.; Zeume, Stefan - National Bureau of Economic Research - 2025

Using tax filings from 374,351 U.S. nonprofit organizations from 2008 to 2020, we provide the first large-scale analysis of endowment prevalence, function, asset allocation, and returns. Endowment use varies systematically across sectors and revenue models. Organizations with endowments scale...

Persistent link: https://www.econbiz.de/10015438302

The Performance of Diverse Teams : Evidence from U.S. Mutual Funds

Evans, Richard B. - 2020

We examine team diversity and performance using the asset management industry as a laboratory. Employing political affiliation as a proxy, we find ideologically diverse teams perform better than homogeneous teams. The mechanism involves both improved decision-making due to more diverse...

Persistent link: https://www.econbiz.de/10012845857

Why Do Mutual Funds Hold Lottery Stocks?

Agarwal, Vikas - 2020

We provide evidence regarding mutual funds' motivation to hold lottery stocks. Funds with higher managerial ownership invest less in lottery stocks, suggesting that managers themselves do not prefer such stocks. The evidence instead supports that managers cater to fund investors' preference for...

Persistent link: https://www.econbiz.de/10012852473

Style Factor Timing : An Application to the Portfolio Holdings of U.S. Fund Managers

Gallagher, David R. - 2015

This study develops a style rotation model based on quarterly forecasts of style factor returns, across four style categories, generated using market and macroeconomic data. The prescriptions from this model are tested on a sample of U.S. active equity mutual funds' portfolio holdings. An annual...

Persistent link: https://www.econbiz.de/10013036050

The Impact of Benchmark Choice on US Mutual Fund Benchmark-Adjusted Performance and Ranking

B. Mateus, Irina - 2017

This study re-visits the question of benchmark mismatch among 1281 US equity mutual funds and its impact on benchmark-adjusted fund performance and ranking. All funds report S&P500 index as a prospectus benchmark, yet 2/3 of those are placed in the Morningstar category with risk and objectives...

Persistent link: https://www.econbiz.de/10012950444