U.S. Mutual Fund Retail Investors in International Equity Markets [electronic resource] : Is the Tail Wagging the Dog? Chan-Lau, Jorge A..
- Washington, D.C. : International Monetary Fund, 2005.
- IMF eLibrary
IMF Working Papers; Working Paper No. 05/162.
IMF Working Papers; Working Paper No. 05/162
- Government document
1 online resource (22 p.)
- Local subjects:
- Capital flows.
International capital markets.
International Financial Markets.
Local capital markets.
Long-Term Capital Movements.
- Do the dynamics of net flows to U.S. retail mutual funds affect equity returns in emerging markets? The question merits further examination since retail investors in mutual funds can exert a much greater degree of ""control"" over these funds via cash injections or redemptions at any time. A VAR analysis shows increased discrimination across emerging market regions after the Asian crisis as investors focused on individual regions rather than on emerging markets as a generic asset class. Crossover funds allocations also appear to affect emerging market returns. Furthermore, investment decisions by fund managers seem to be largely driven by retail investor allocations.
- Description based on print version record.
- Chan-Lau, Jorge A.
Ong, Li L.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
|Location||Notes||Your Loan Policy|
|Description||Status||Barcode||Your Loan Policy|