Finally, we document that mutual-fund-affiliated analysts conduct more site visits on the stocks held by their mutual fund clients, which explains the greater information dissemination by mutual-fund-affiliated analysts. 展开 关键词: affiliated analyst stock price synchronicity mutual fund analyst ...
内容提示: Mutual Fund Illiquidity and Stock Price Fragility: A Study Based on Chinese Mutual FundsJiaxun Song and Jin GaoKEY FINDINGSn The authors construct fund illiquidity at stock level and prove it one of the causes of stock price fragility.n This article expands the research on ...
In this study, the authors examine mutual fund flows to consider whether retail investors hurt their own returns by their reallocation decisions and, if so, who benefits at their expense. The authors find significant negative correlation between sentiment-driven fund inflows and future returns in st...
First, stocks that are most widely held by mutual funds do not outperform stocks that are least widely held. However, when we examine mutual fund trades, we find that stocks that funds newly buy have significantly higher returns than stocks they newly sell. This is true for large stocks...
b. The stock issued by a particular company: a mutual fund that invests in technology stocks. c. Chiefly British The money invested in a corporation, including debt and equity. d. Chiefly British A bond, especially a government bond. 5. The trunk or main stem of a tree or another plant...
We examine whether mutual fund illiquidity introduces fragility into stock prices. The results show that stocks held by more illiquid funds subsequently ex... L Chen,J Liu - 《Economics Letters》 被引量: 0发表: 2024年 Treasury Liquidity, Funding Liquidity and Mutual Fund Performance This paper ...
We investigate the value of active mutual fund management by examining the stockholdings and trades of mutual funds. We find that stocks widely held by funds ddoi:10.2139/ssrn.224417Jegadeesh, NarasimhanChen, Hsiu-LangWermers, RussSocial Science Electronic Publishing...
2 Finally, actively managed mutual funds have well-specified performance benchmarks, which allow us to use the insights of portfolio theory to infer their beliefs about future stock returns. To capture the beliefs held by active fund managers, we use a new instrument, namely, mutual funds׳ ...
Gains made from the stock's price appreciation can be canceled out by the costs of completing a single sale of an investor's shares of a given company. With a mutual fund, the cost of trading is spread over all investors in the fund. Therefore, the mutual fund capitalizes on economics...
Investing in the stock market is accessible to nearly everyone. Here's a step-by-step guide to get started: Educate yourself: Before investing a single dollar, understand the basic financial concepts. Learn about stocks, bonds,mutual funds, and exchange-traded funds (ETFs). Familiarize yourself...