In this paper, I investigate the asset allocation ability of mutual fund investors. Specifically, I examine differences among non-proprietary brokers, proprietary brokers and direct channels regarding their asset allocation ability. In aggregate, mutual fund investors do not seem to have...

Mutual fund is considered as a significant mode of investment for investors as it offers opportunity for investors to invest in a diversified portfolio at low cost. The study examines the effect of investors’ perception on preference towards mutual fund investment at Chennai city. The study...

Mutual fund is considered as a significant mode of investment for investors as it offers opportunity for investors to invest in a diversified portfolio at low cost. The study examines the effect of investors’ perception on preference towards mutual fund investment at Chennai city. The study...

Mutual fund investors evaluate fund managers' skills before making investment decisions. Previous studies worldwide examined the rationale behind retail investors' investment decisions and found that investors reward performance by net fund flow. A Japanese study found that investors respond to...

Using security-by-security data on investor holdings in the euro area, we study run dynamics across different fund-shares of the same fund during the unprecedented liquidity crisis in March 2020. For an average bond or equity mutual fund-share, households, other euro area funds, and the foreign...

We find that the aggregate asset allocation decisions of US mutual fund investors depend on economic conditions. Both anticipated economic downturns and periods of turmoil lead investors to direct flow away from risky equity funds and towards lower-risk money market funds. These patterns are...