Covrig, Vicentiu; Lau, Sie Ting; Ng, Lilian - In: Journal of International Business Studies 37 (2006) 3, pp. 407-429
Using a new unique data set on mutual fund stockholdings, we identify several interesting similarities and differences in the stock preferences of domestic and foreign fund managers from 11 developed countries. Results show that both groups of managers prefer stocks with high return on equity,...