Comparing performance sensitivity of retail ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Comparing performance sensitivity of retail and institutional mutual funds’ investment flows
Auteur(s) :
Mazur, Mieszko [Auteur]
Lille économie management - UMR 9221 [LEM]
Salganik-Shoshan, Galla [Auteur]
Zagonov, Maxim [Auteur]
Lille économie management - UMR 9221 [LEM]
Salganik-Shoshan, Galla [Auteur]
Zagonov, Maxim [Auteur]
Titre de la revue :
Finance Research Letters
Pagination :
66-73
Éditeur :
Elsevier
Date de publication :
2017-08
ISSN :
1544-6123
Mot(s)-clé(s) en anglais :
Flow-performance relationship
Institutional funds
Retail funds
Mutual fund flows
Performance evaluation
Institutional funds
Retail funds
Mutual fund flows
Performance evaluation
Discipline(s) HAL :
Sciences de l'Homme et Société/Gestion et management
Résumé en anglais : [en]
In this paper, we examine and compare the form of the flow-performance relationship for U.S. retail and institutional mutual funds. We provide evidence that the convex form of the flow-performance function documented by ...
Lire la suite >In this paper, we examine and compare the form of the flow-performance relationship for U.S. retail and institutional mutual funds. We provide evidence that the convex form of the flow-performance function documented by previous research characterizes mostly the relationship in the upper region of the performance scale. In contrast, the flow-performance relationship for the low-performance region appears to be concave. Furthermore, we document that the observed convexity is more pronounced for retail funds, while the concavity can be mainly attributed to institutional funds.Lire moins >
Lire la suite >In this paper, we examine and compare the form of the flow-performance relationship for U.S. retail and institutional mutual funds. We provide evidence that the convex form of the flow-performance function documented by previous research characterizes mostly the relationship in the upper region of the performance scale. In contrast, the flow-performance relationship for the low-performance region appears to be concave. Furthermore, we document that the observed convexity is more pronounced for retail funds, while the concavity can be mainly attributed to institutional funds.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :