Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 15 segundos...
ARTÍCULO
TITULO

Mutual Fund Flows and Benchmark Portfolio Returns

Joakim Kvamvold    

Resumen

We examine trading caused by net flows to mutual funds invested at the Oslo Stock Exchange. Our results show that trading by index-linked mutual funds and actively managed funds are correlated with returns on different segments of the stock exchange. Neither investor sentiment, nor feedback trading explain this correlation. We argue that information cannot explain the results. Hence, we provide evidence that changes in demand matters for stock prices.Keywords : Mutual funds, investment flows, portfolio returns.JEL classifications: G11, G12, G14

PÁGINAS
pp. 236 - 242
MATERIAS
ECONOMÍA

 Artículos similares

       
 
M. Agussalim,Nandan Limakrisna,Hapzi Ali     Pág. 150 - 156
Mutual fund investment is one of the instruments that are being developed,with the advent of the Indonesian capital market. In progress, mutual the first apply the principle of sharia in running strategy business and be an option investors to invest. A f... ver más

 
Yaqoob Ahmad,Guangguo Sun,Waqas Bin Khidmat     Pág. 359 - 370
This study is an attempt to investigate the fund-specific determinants of performance of conventional and Islamic mutual funds in Pakistan. For this purpose, Sharpe Ratio, Sortino Ratio, Information Ratio and Jensen Alpha are used as proxies of funds? pe... ver más

 
Sofi Mohd Fikri,Mohamed Hisham Yahya,Taufiq Hassan     Pág. 530 - 538
Mutual fund has become an increasingly important investment vehicle for retail investors, especially among households. Besides developing the institutional investment as an efficient momentum trader, the long-established separation of ownership and contr... ver más

 
Makmun Syadullah,Benny Gunawan Ardiansyah     Pág. 128 - 134
APEC Finance Ministers? Forum initiated the Asia Region Funds Passport (ARFP), a framework of multilateral cooperation to facilitate cross-border fund market. ARFP is the concept of cross-border distribution and operation of collective investment schemes... ver más

 
Lumini?a NICOLESCU,Florentin Gabriel TUDORACHE     Pág. 591 - 621
The non-banking sector has an important place in financial markets. Therefore, the performance of financial markets can be looked at in different countries by analyzing the evolution of mutual funds, in terms of their inflows and outflows. This is even m... ver más