Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/44966 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorJank, Stephanen
dc.date.accessioned2011-03-16-
dc.date.accessioned2011-04-15T09:46:24Z-
dc.date.available2011-04-15T09:46:24Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/44966-
dc.description.abstractThis paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and also hold an increased share in the top performing funds. Insurance companies and pension funds show some evidence of performance chasing, but are underrepresented in the best performing funds. Households chase performance, but they are also subject to status quo bias in their flows. Regarding investor composition the worst performing funds show no significant difference in their investor structure when compared to funds with average performance.en
dc.language.isoengen
dc.publisher|aUniversity of Cologne, Centre for Financial Research (CFR) |cCologneen
dc.relation.ispartofseries|aCFR working paper |x11-02en
dc.subject.jelG11en
dc.subject.jelG20en
dc.subject.jelG23en
dc.subject.ddc330en
dc.subject.keywordMutual Fundsen
dc.subject.keywordFlow-Performance Relationshipen
dc.subject.keywordClienteleen
dc.titleAre there disadvantaged clienteles in mutual funds?-
dc.typeWorking Paperen
dc.identifier.ppn654200289en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfrwps:1102en

Files in This Item:
File
Size
463.02 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.