In this paper we analyze which graphical representation of risk is most effective in supporting investors to assess the … risk and return characteristics of a fund. Moreover, we test on which criteria the investors base their risk taking … risk scale or a gain and loss range.We find that the risk communication with bar charts performs relatively well, except …

Mutual fund risk-taking via active portfolio rebalancing varies both in the crosssection and over time. In this paper …, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …

individual financial risk taste changes over time with the background macroeconomic and financial conditions, as well as personal … and subjective exposure to portfolio risk. Considering six different self-assessed facets, we find that risk appetite is … higher during periods of economic growth and lower during periods of recession. Risk taste is however unrelated to time when …