European Parliament Library

U.S. Mutual Fund Retail Investors in International Equity Markets :, Is the Tail Wagging the Dog?, Jorge Chan-Lau, Li Ong

Contributor
Abstract
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
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. THE DATA""; ""IV. EMPIRICAL FRAMEWORK""; ""V. RESULTS""; ""VI. CONCLUSION""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451907179

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