Search Results
Journal Article
Risk-adjusted performance of mutual funds
Simons, Katerina
(1998-09)
Mutual funds are now the preferred way for individual investors and many institutions to participate in capital markets, and their popularity has increased demand for evaluations of fund performance. Many business publications now rank mutual funds according to their performance, and information services exist specifically for this purpose. There is no general agreement, however, about how best to measure and compare fund performance and on what information funds should disclose to investors. ; Risk and performance measurement is an active area for academic research and continues to be of ...
New England Economic Review
, Issue Sep
, Pages 33-48
Working Paper
Avoiding runs in money market mutual funds: have regulatory reforms reduced the potential for a crash?
Mack, Phillip R.; Collins, Sean
(1994)
Finance and Economics Discussion Series
, Paper 94-14
Conference Paper
The empirical properties of a monetary aggregate that adds bond and stock funds to M2
Orphanides, Athanasios; Small, David H.; Reid, Brian
(1994-11)
Proceedings
, Issue Nov
, Pages 31-51
Working Paper
Crisis, contagion, and country funds: effects on East Asia and Latin America
Schmukler, Sergio L.; Frankel, Jeffrey A.
(1996)
Spillovers effects, from one country or region to other countries and regions, have attracted renewed attention in the aftermath of the Mexican crisis of December 1994. This paper uses data on closed-end country funds to study how a negative shock in Mexican equities is transmitted to Asia and Latin America, and to particular countries within each region. Country funds allow us to study the transmission to other fund net asset values (NAVs) and prices, which are traded in local stock markets in New York, respectively. The evidence indicates that shocks such as the Mexican crisis produce ...
Pacific Basin Working Paper Series
, Paper 96-04
Report
A cross-sectional analysis of mutual funds' market timing and security selection skill
Lee, Cheng Few; Chan, Anthony; Rahman, Shafiqur; Chen, Carl R.
(1990)
Research Paper
, Paper 9014
Journal Article
Mutual funds, fee transparency, and competition
Carlson, John B.; Sahinoz, Erkin Y.; Pelz, Eduard A.
(2004-03)
Mutual funds enable small, less experienced investors to hold diversified portfolios of stocks and bonds at relatively low costs. Though the mutual fund market is competitive in many ways, fees can vary substantially for what are essentially identical products. This may be due to bundling of services, but it may also reflect some confusion on the part of less experienced investors, which inhibits comparative shopping among funds. Suggested reforms for improved fee disclosure seek to make fees more transparent for less informed investors and should improve competitive discipline among funds.
Economic Commentary
, Issue Mar
Journal Article
Banks and investment funds: no longer mutually exclusive
Clark, Michelle A.
(1993-10)
The Regional Economist
, Issue Oct
, Pages 5-9
Journal Article
Average costs of money market mutual funds
Duffield, Jeremy G.; Cook, Timothy Q.
(1979-07)
An abstract for this article is not available
Economic Review
, Volume 65
, Issue Jul
, Pages 32-39
Working Paper
How ETFs Amplify the Global Financial Cycle in Emerging Markets
Converse, Nathan L.; Levy Yeyati, Eduardo; Williams, Tomás
(2020-01-17)
This paper examines how the growth of exchange-traded funds (ETFs) has affected the sensitivity of international capital flows to global financial conditions. Using data on individual emerging market funds worldwide, we employ a novel identification strategy that controls for unobservable time-varying economic conditions at the investment destination. We find that the sensitivity of flows to global financial conditions for equity (bond) ETFs is 2.5 (2.25) times higher than for equity (bond) mutual funds. We then show that our findings have macroeconomic implications. In countries where ETFs ...
International Finance Discussion Papers
, Paper 1268
Journal Article
Symposium on mutual funds and monetary aggregates - commentary
Barnett, William A.; Zhou, Ge
(1994-11)
Review
, Issue Nov
, Pages 53-78
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