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Go active or stay passive : Investment trust, financial innovation and diversification in Belgium's early days
Annaert, Jan; Verdickt, Gertjan - In: Explorations in economic history : EEH 79 (2021)
Persistent link: https://www.econbiz.de/10012698899
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Diversificating the Undiversified Mutual Fund World
Moreno, David - 2016
well in terms of diversification even for those investors worried about the alpha of funds. The benefits of diversification …
Persistent link: https://www.econbiz.de/10013008281
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Scuttle for Shelter : Investor Flight-to-Safety and Political Uncertainty during the Spanish Second Republic
Battilossi, Stefano - 2020
The Spanish Second Republic was a unique experiment of democratization in interwar Spain, which was characterized by extreme levels of political uncertainty. In response to this uncertainty, we find that investors sold stocks in favor of government bonds. In fact, political uncertainty had a...
Persistent link: https://www.econbiz.de/10012824918
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The performance of private equity funds : does diversification matter?
Lossen, Ulrich - 2006
This paper is the first systematic analysis of the impact of diversification on the performance of private equity funds …. A unique data set allows the exact evaluation of diversification across the dimensions financing stages, industries, and … countries. Very different levels of diversification can be observed across sample funds. While some funds are highly specialized …
Persistent link: https://www.econbiz.de/10010383033
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Pitfalls and perils of financial innovation : the use of CDS by corporate bond funds
Adam, Tim; Güttler, André - 2015
We use the financial crisis of 2007-2009 as a laboratory to examine the costs and benefits of teams versus single managers in asset management. We find that when a fund uses complex trading strategies involving the use of CDS team-managed funds outperform solo-managed funds. This may be due to...
Persistent link: https://www.econbiz.de/10010503931
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Paralyzed by shock and confused by glut : the portfolio formation behavior of peer-to-business lending investors
Dorfleitner, Gregor; Hornuf, Lars; Weber, Martina - 2018
We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment biases - a default shock bias and a deep market bias. First, we find investors to stop investing in new loans and to cease from diversifying their portfolio after experiencing a...
Persistent link: https://www.econbiz.de/10011863582
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Chapter 22. The Behavior of Individual Investors
Barber, Brad M.; Odean, Terrance - 2013
We provide an overview of research on the stock trading behavior of individual investors. This research documents that individual investors (1) underperform standard benchmarks (e.g. a low-cost index fund), (2) sell winning investments while holding losing investments (the “disposition...
Persistent link: https://www.econbiz.de/10014025356
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Diversification in Funds of Hedge Funds : Is it Possible to Overdiversify?
Brown, Stephen J. - 2011
(FOFs). In this paper we examine a new database that separates out for the first time the effects of diversification (the … variance reducing effects of diversification peter out once FOFs hold more than 20 underlying hedge funds. Yet the majority of … FOFs are more diversified than this. We find a new and surprising result that this excess diversification actually …
Persistent link: https://www.econbiz.de/10013134528
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International Diversification with Factor Funds
Eun, Cheol S. - 2015
international diversification. Our approach is motivated by the increasing evidence that size (SMB), book-to-market (HML), and … factor diversification are significant for both in- and out-of-sample periods, and for a realistic range of additional …
Persistent link: https://www.econbiz.de/10013038773
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Exchange-Traded Funds : Sector Performance and Diversification
Luft, Carl F. - 2019
portfolio's diversification across the given sector. We employed regression analysis to analyze diversification across each ETF …
Persistent link: https://www.econbiz.de/10012905492