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bond mutual funds. We find that high reaching-for-coupon (RFC) funds, i.e., bond funds whose portfolios pay higher coupons …
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This paper examines a sample of corporate bond mutual funds to explore the impact of size on performance of mutual …. Unlike the common belief that fund managers are not skilled on average, our results indicate that corporate bond mutual fund …
Persistent link: https://www.econbiz.de/10013296100
We identify fixed-income mutual funds as an important contributor to the unusually high selling pressure in liquid asset markets during the Covid-19 crisis. We show that mutual fund liquidity transformation led to pronounced investor outflows. In meeting redemptions, funds followed a pecking...
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Does leverage drive investor ows in bond mutual funds? Leverage can increase fund returns in good times, but it can … also magnify investors' losses and their response to bad performance. We study bond fund ows to provide new evidence for … findings suggest that leverage amplifies fragility in the bond mutual fund sector. …
Persistent link: https://www.econbiz.de/10012216683
Growing acceptance of passive bond exchange traded funds (ETFs) and actively managed bond mutual funds has exposed the … analysis of actively managed bond funds and passive bond ETFs in the context of multiple criteria. The research of risk …-adjusted performance of a sampled group of bond funds and ETFs using the TOPSIS multi-criteria decision-making method revealed that …
Persistent link: https://www.econbiz.de/10012140325