Santi, Caterina; Zwinkels, Remco C. J. - 2022
’ 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 …
