Essays on the Trading Behavior of Mutual Fund Managers
Title | Essays on the Trading Behavior of Mutual Fund Managers PDF eBook |
Author | Gjergji Cici |
Publisher | |
Pages | 408 |
Release | 2004 |
Genre | |
ISBN |
Swing Pricing and Fragility in Open-end Mutual Funds
Title | Swing Pricing and Fragility in Open-end Mutual Funds PDF eBook |
Author | Dunhong Jin |
Publisher | International Monetary Fund |
Pages | 46 |
Release | 2019-11-01 |
Genre | Business & Economics |
ISBN | 1513519492 |
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.
Herd Behavior in Financial Markets
Title | Herd Behavior in Financial Markets PDF eBook |
Author | Sushil Bikhchandani |
Publisher | |
Pages | 38 |
Release | 2000 |
Genre | Capital market |
ISBN |
Stocks, Bonds, Bills, and Inflation
Title | Stocks, Bonds, Bills, and Inflation PDF eBook |
Author | Roger G. Ibbotson |
Publisher | |
Pages | 202 |
Release | 1989 |
Genre | Actions (Titres de société) - Prix - Prévision |
ISBN | 9781556232312 |
Hedge Fund Activism
Title | Hedge Fund Activism PDF eBook |
Author | Alon Brav |
Publisher | Now Publishers Inc |
Pages | 76 |
Release | 2010 |
Genre | Business & Economics |
ISBN | 1601983387 |
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
Dissertation Abstracts International
Title | Dissertation Abstracts International PDF eBook |
Author | |
Publisher | |
Pages | 576 |
Release | 2009-07 |
Genre | Dissertations, Academic |
ISBN |
Essays on Investor Behavior and Financial Innovation
Title | Essays on Investor Behavior and Financial Innovation PDF eBook |
Author | Tobias Stuber |
Publisher | Herbert Utz Verlag |
Pages | 264 |
Release | 2011 |
Genre | |
ISBN | 3831640114 |