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Delegated philanthropy in mutual fund votes on climate change externalities
Brière, Marie; Pouget, Sébastien; Schmalz, Martin C.; … - In: Climate investing : new strategies and implementation …, (pp. 295-323). 2022
Persistent link: https://www.econbiz.de/10014249549
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Are Government Owned Investment Funds Created Equal? Evidence From Sovereign Wealth Fund Real Estate Acquisitions
Liu, Peng - 2020
Sovereign Wealth Funds (SWFs) are an institutional investor class about which relatively little is known. Even though they have trillions of dollars in assets under management, their (typically) highly secretive nature renders them difficult to analyze in an academic context. We utilize...
Persistent link: https://www.econbiz.de/10012843591
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The Recent Investment Activity of Global Sovereign Wealth Funds
Wiśniewski, Piotr - 2017
This chapter encapsulates the most recent findings on sovereign wealth fund (SWF) investment activity globally. The key research proposals addressed herein relate to the position of global SWFs among conventional and alternative asset managers, SWF allocation strategies, their recent investment...
Persistent link: https://www.econbiz.de/10012962642
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The Asset Allocation of Emerging Market Mutual Funds
Gelos, R. - 2021
Benchmark following and portfolio rebalancing effects have often been cited when trying to explain international financial contagion phenomena. Using a dataset containing the country allocation of individual dedicated emerging market equity funds, we assess the relevance of mean-variance...
Persistent link: https://www.econbiz.de/10013212023
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Global Risk, Non-Bank Financial Intermediation, and Emerging Market Vulnerabilities
Chari, Anusha - 2022
The unprecedented increase in non-bank financial intermediation, particularly open-end mutual funds and ETFs, over the last two decades, accounts for nearly half of external financing flows to emerging markets exceeding cross-border lending by global banks. Evidence suggests that investment fund...
Persistent link: https://www.econbiz.de/10014239476
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Global Risk, Non-Bank Financial Intermediation, and Emerging Market Vulnerabilities
Chari, Anusha - National Bureau of Economic Research - 2023
Over the last two decades, the unprecedented increase in non-bank financial intermediation, particularly open-end mutual funds and ETFs, accounts for nearly half of the external financing flows to emerging markets exceeding cross-border lending by global banks. Evidence suggests that investment...
Persistent link: https://www.econbiz.de/10014250161
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The externalities of fire sales : evidence from collateralized loan obligations
Kundu, Shohini - 2023
idiosyncratic shocks, imposing negative externalities on unrelated firms in CLO portfolios. Following a negative shock to the oil …
Persistent link: https://www.econbiz.de/10014230330
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Who creates and who bears flow externalities in mutual funds?
Fricke, Daniel; Jank, Stephan; Wilke, Hannes - 2022
Using a unique dataset on the sectoral ownership structure of euro area equity mutual funds, we study how different investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual funds, are the main contributors to the flow...
Persistent link: https://www.econbiz.de/10013435221
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Network Externalities in Mutual Funds
Blocher, Jesse - 2016
uninformed (i.e. not related to fundamentals). I provide evidence that network externalities generate the necessary amplification … mechanism to support these results. Network externalities are generated by mutual funds with common holdings and return ….g., lagged flows). Network externalities generate a 1.5% quarterly excess return that reverses in the subsequent year, and are …
Persistent link: https://www.econbiz.de/10013008391
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A Mutual Fund Market with Incomplete Information : The Role of an External Body
Lemeunier, Sebastien Michel - 2018
The literature dealing with price setting and quality assumes by default that investors believe that mutual funds are vertically differentiated. We consider also the case where they do not believe it and we show that it may call the market into question. To solve this problem we assume the...
Persistent link: https://www.econbiz.de/10012920592