Add to ORKGWe examine the trading strategies of mutual funds in emerging markets. We develop a method for disentangling the behavior of fund managers from that of underlying investors. For both managers and investors, we strongly reject the null hypothesis of no momentum trading: mutual funds systematically sell losers and buy winners. Selling current losers and buying current winners is stronger during crises, and equally strong for managers and investors. Selling past losers and buying past winners is stronger for managers. Managers and investors also practice contagion trading-they sell (buy) assets from one country when asset prices fall (rise) in another. (C) 2003 Elsevier B.V. All rights reserved
Gaining a better understanding of the behavior of international investors is key for informing the d...
The performance of mutual funds is often measured by comparing the excess return of an active manage...
This paper documents the existence among mutual fund managers of the disposition effect (the relucta...
This paper examines the trading strategies of mutual funds in emerging markets. The data set we cons...
International mutual funds are one of the main channels of capital flows to emerging economies. Alth...
This paper examines the trading strategies of equity mutual funds in emerging markets. Though the ex...
International mutual funds are key contributors to the globalization of financial markets and one of...
This article explores the behavior of emerging market mutual funds using a novel database covering t...
This paper investigates the incentives of investors to set up an actively managed fund in an emergin...
This paper investigates the incentives of investors to set up an actively managed fund in an emergin...
This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamental...
International mutual funds are one of the main channels for capital flows to emerging economies. Alt...
The engagement around investing in mutual funds is increasing and attracts several personal investo...
Our questionnaire survey finds that most fund managers rely on the strategies of buy-and-hold, momen...
A questionnaire survey has found that most fund managers rely on the strategies of buy-&-hold, momen...
Gaining a better understanding of the behavior of international investors is key for informing the d...
The performance of mutual funds is often measured by comparing the excess return of an active manage...
This paper documents the existence among mutual fund managers of the disposition effect (the relucta...
This paper examines the trading strategies of mutual funds in emerging markets. The data set we cons...
International mutual funds are one of the main channels of capital flows to emerging economies. Alth...
This paper examines the trading strategies of equity mutual funds in emerging markets. Though the ex...
International mutual funds are key contributors to the globalization of financial markets and one of...
This article explores the behavior of emerging market mutual funds using a novel database covering t...
This paper investigates the incentives of investors to set up an actively managed fund in an emergin...
This paper investigates the incentives of investors to set up an actively managed fund in an emergin...
This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamental...
International mutual funds are one of the main channels for capital flows to emerging economies. Alt...
The engagement around investing in mutual funds is increasing and attracts several personal investo...
Our questionnaire survey finds that most fund managers rely on the strategies of buy-and-hold, momen...
A questionnaire survey has found that most fund managers rely on the strategies of buy-&-hold, momen...
Gaining a better understanding of the behavior of international investors is key for informing the d...
The performance of mutual funds is often measured by comparing the excess return of an active manage...
This paper documents the existence among mutual fund managers of the disposition effect (the relucta...