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Author : Miranda Lam Detzler
Publisher :
ISBN 13 :
Total Pages : 274 pages
Book Rating : 4.3/5 (129 download)
Download or read book The Efficiency of International Mutual Funds written by Miranda Lam Detzler and published by . This book was released on 1996 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : G. Gregoriou
Publisher : Springer
ISBN 13 : 0230626491
Total Pages : 279 pages
Book Rating : 4.2/5 (36 download)
Download or read book Performance of Mutual Funds written by G. Gregoriou and published by Springer. This book was released on 2015-12-04 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book responds to a growing demand for mutual funds. This timely collection of original papers focuses on changes of international investment in Europe, the US and New Zealand. Using a fresh approach, innovative techniques and various models this book assesses performance and provides an understanding of mutual funds on an international level.
Author : Dalia Ahmed El Mosallamy
Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.:/5 (89 download)
Download or read book Mutual Funds Performance in Emerging Markets written by Dalia Ahmed El Mosallamy and published by . This book was released on 2011 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dunhong Jin
Publisher : International Monetary Fund
ISBN 13 : 1513519492
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)
Download or read book Swing Pricing and Fragility in Open-end Mutual Funds written by Dunhong Jin and published by International Monetary Fund. This book was released on 2019-11-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.
Author : Carlos Sánchez González
Publisher : Emerald Group Publishing
ISBN 13 : 1787439836
Total Pages : 263 pages
Book Rating : 4.7/5 (874 download)
Download or read book The Efficiency of Mutual Fund Families written by Carlos Sánchez González and published by Emerald Group Publishing. This book was released on 2018-04-13 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sánchez González develops an innovative model that considers different management stages of mutual fund companies, overcoming the traditional dispute between the different approaches used in banking and insurance research.
Author : Mr.R. Gelos
Publisher : International Monetary Fund
ISBN 13 : 1455253316
Total Pages : 29 pages
Book Rating : 4.4/5 (552 download)
Download or read book International Mutual Funds, Capital Flow Volatility, and Contagion – A Survey written by Mr.R. Gelos and published by International Monetary Fund. This book was released on 2011-04-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gaining a better understanding of the behavior of international investors is key for informing the debate about the optimal response to capital flows and about reforms to the international financial architecture. In this context, recent research on the behavior of international mutual funds at the micro level has expanded our knowledge about the drivers of portfolio flows and the mechanisms behind the transmission of financial shocks across countries. This paper provides a brief survey of this literature, with a focus on the empirical evidence for emerging markets. Overall, the behavior of international mutual funds is complex and overly simplistic characterizations are misleading. However, there is broad-based evidence for momentum trading among funds. Moreover, funds tend to avoid opaque markets and assets, and this behavior becomes more pronounced during volatile times. Portfolio rebalancing mechanisms are clearly important in explaining contagion patterns, even in the absence of common macroeconomic fundamentals. From a surveillance point of view, this implies that monitoring the exposures of large investors at a micro level is crucial to assess vulnerabilities.
Author : G. Gregoriou
Publisher : Springer
ISBN 13 : 0230626505
Total Pages : 446 pages
Book Rating : 4.2/5 (36 download)
Download or read book Diversification and Portfolio Management of Mutual Funds written by G. Gregoriou and published by Springer. This book was released on 2015-12-17 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the importance of diversification for reducing volatility of investment portfolios. It shows how to improve investment efficiency, and explains how international diversification reduces overall risk while enhancing performance. This book is a crucial tool for any investor looking to improve the profit gain from their investment.
Author : Albert J. Fredman
Publisher : Putnam Juvenile
ISBN 13 : 9780138397210
Total Pages : 418 pages
Book Rating : 4.3/5 (972 download)
Download or read book How Mutual Funds Work written by Albert J. Fredman and published by Putnam Juvenile. This book was released on 1998 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How Mutual Funds Work" outlines the stock market, the bond market, asset allocation, index funds, variable annuities, tax considerations, and the role of computers. Fredman and Wiles provide a Q&A section with the 100 most important questions and their easily digested brief answers.
Author : Alan Cohn
Publisher : Harper Collins
ISBN 13 : 0062039350
Total Pages : 280 pages
Book Rating : 4.0/5 (62 download)
Download or read book The Sage Guide to Mutual Funds written by Alan Cohn and published by Harper Collins. This book was released on 2011-08-09 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The internet can be the greatest tool ever invented for the enrichment of investors—or the fastest way to be misled, cheated, and relieved of your hardearned dollars. It all depends on where you go on the net and who you listen to. For mutual fund investors, the path to safe and successful online investing is now clear: The Sage Guide to Mutual Funds gives you everything you need to research, choose, buy, and sell mutual funds—and it puts the vast resources of the internet at your fingertips. Written by Alan Cohn and Stephen Cohn, the savvy founders of Sage Online, America's largest and most dynamic online mutual fund forum, The Sage Guide offers fresh and trustworthy information for newbie and experienced investors alike. Inside, you'll find everything you'll need to Find the investment style and fund categories that fit your goats Screen for and select winning funds-using Sage's recommended websites Construct the ideal personal fund portfolio Track your funds online Determine the best times to buy and sell Find the best online broker for your needs Chat, post messages, join forums, and use thenet safely and effectively Anyone venturing online for investment information is going to be faced with a wild array of opinions and advice ranging from the fraudulent to the uninformed. In response, the Cohn brothers have created a huge, safe, smart community of investors where you can go for honest, unbiased advice and opinion, information, chats, news, and more. That same spirit and approach is apparent in every page of The Sage Guide. If you come to Sage, you get the real deal. Stressing a safe, honest approach to online investing, The Sage Guide to Mutual Funds is the perfect source of advice in the increasingly confusing and often unsafe world of electronic investing. You'll come away with everything you need to harness the money-making power of mutual funds with the vast resources of the net. Go for it!
Author : Ray Russell
Publisher : John Wiley & Sons
ISBN 13 : 9780470510193
Total Pages : 198 pages
Book Rating : 4.5/5 (11 download)
Download or read book An Introduction to Mutual Funds Worldwide written by Ray Russell and published by John Wiley & Sons. This book was released on 2007-04-04 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide explains what mutual funds are, how they have developed and how they are used, regulated and administered across the globe. Both open-ended and closed-ended funds are described and the differences between the international markets, particularly USA, Europe and UK are addressed. Written by successful trainer and consultant, Ray Russell, the material reflects the growth and importance across the globe of mutual funds as a means of investing in worldwide economic development, whether to build a fund for retirement or otherwise. Readers will gain a basic appreciation of Mutual funds in their many forms, advocating the use of the mutual fund as a sensible, efficient and ultimately rewarding means of investment. It covers the origins, purpose, development, uses, operation and regulation of mutual funds and draws attention to similarities and differences between major jurisdictions, commenting on their unique features and approaches.
Author : IndexFunds.com
Publisher : John Wiley & Sons
ISBN 13 : 0471225134
Total Pages : 305 pages
Book Rating : 4.4/5 (712 download)
Download or read book Exchange Traded Funds written by IndexFunds.com and published by John Wiley & Sons. This book was released on 2002-04-08 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange traded funds, one of the most exciting new classes of funds, provide investors with an opportunity to get the benefits of individual stocks at the lower costs associated with mutual funds. Although they are a very new type of fund (they were first introduced in 1993), ETFs have nearly 100 billion in assets under management. Written by senior editors Jim Wiandt and Will McClatchy at IndexFunds.com, Exchange Traded Funds clearly explains this exciting class of funds for savvy individual investors and investment professionals alike. The authors provide a frank appraisal of the advantages of exchange traded funds including low management fees and lower capital gains taxes. They acquaint readers with the full range of what's available, and provide valuable information on evaluating the funds' usefulness and performance. They also describe proven strategies for using exchange traded funds to balance investment portfolios and manage long-term and short-term risk. IndexFunds.com is a Web site devoted to index funds. It currently hosts more than 100,000 visitors each month.
Author : Graciela Laura Kaminsky
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)
Download or read book Mutual Fund Investment in Emerging Markets written by Graciela Laura Kaminsky and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: January 2001 How do mutual funds behave when they invest in emerging economies? For one thing, mutual funds' flows are not stable. Withdrawals from emerging markets during recent crises were large, which squares with existing evidence of financial contagion. International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds have become important contributors to financial market integration, little is known about their investment allocation and strategies. Kaminsky, Lyons, and Schmukler provide an overview of mutual fund activity in emerging markets. First, they describe international mutual funds' relative size, asset allocation, and country allocation. Second, they focus on fund behavior during crises, by analyzing data at the level of both investors and fund managers. Among their findings: Equity investment in emerging markets has grown rapidly in the 1990s, much of it flowing through mutual funds. Collectively, these funds hold a sizable share of market capitalization in emerging economies. Asian and Latin American funds achieved the fastest growth, but are smaller than domestic U.S. funds and world funds. When investing abroad, U.S. mutual funds invest more in equity than in bonds. World funds invest mainly in developed nations (Canada, Europe, Japan, and the United States). Ten percent of their investment is in Asia and Latin America. Mutual funds usually invest in a few countries within each region. Mutual fund investment was very responsive to the crises of the 1990s. Withdrawals from emerging markets during recent crises were large, which squares with existing evidence of financial contagion. Investments in Asian and Latin American mutual funds are volatile. Because redemptions and injections are large relative to total funds under management, funds' flows are not stable. The cash held by managers during injections and redemptions does not fluctuate significantly, so investors' actions are typically reflected in emerging market inflows and outflows. This paper--a product of Macroeconomics and Growth, Development Research Group--is part of a larger effort in the group to understand the operation of financial markets and the effects of financial globalization. The study was funded by the Bank's Research Support Budget under the research project "Mutual Funds in Emerging Markets." The authors may be contacted at [email protected], lyons@haas. berkeley.edu, or [email protected].
Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Author : John A. Haslem
Publisher : John Wiley & Sons
ISBN 13 : 0470499095
Total Pages : 384 pages
Book Rating : 4.4/5 (74 download)
Download or read book Mutual Funds written by John A. Haslem and published by John Wiley & Sons. This book was released on 2009-11-02 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative, must-read guide to making more informed decisions about mutual funds Providing a balance of theory and application, this authoritative book will enable you to evaluate the various performance and risk attributes of mutual funds. It covers a broad range of topics, including understanding the advantages and disadvantages of mutual funds, evaluating stock/bond allocations within fund portfolios, assessing fund diversification risk, measuring fund returns and risk, and making fund buy/sell decisions. While informative chapters combine clear summaries of existing research with practical guidelines for mutual fund analysis, step-by-step decision checklists guide you through the selection of various mutual funds. Puts the risks and rewards of mutual fund investing in perspective Skillfully examines how to select and evaluate the best mutual funds Outlines mutual fund service advantages and disadvantages Discusses the long- and short-term effectiveness of mutual funds Covering major theoretical and management issues in mutual fund analysis and portfolio management, this book is an authoritative guide.
Author : Ian Cooper
Publisher :
ISBN 13 : 9781601987631
Total Pages : 133 pages
Book Rating : 4.9/5 (876 download)
Download or read book The Equity Home Bias Puzzle written by Ian Cooper and published by . This book was released on 2013 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Home bias - the empirical phenomenon that investors assign anomalously high weights to their own domestic assets - has puzzled academics for decades: financial theory predicts that an internationally well diversified portfolio of stocks and short-term bonds can reduce risk significantly without affecting expected return. Although the globalization of international equity markets has increased international investments, equity portfolios remain severely home biased today, and no single explanation seems to solve the puzzle completely. In this paper, we first provide a thorough description of the equity home bias phenomenon by defining, discussing, and applying the competing measures and presenting some estimates of the costs of under-diversification. Second, we evaluate the explanations for the equity home bias proposed in the literature such as information asymmetries, behavioral aspects, barriers to foreign investment, and governance issues, and conclude that each explanation on its own falls short, suggesting that the equity home bias probably reflects a combination of factors. Lastly, we review the implications of international under-diversification for portfolio formation and the cost of capital of companies.
Author : Ronald K. Rutherford
Publisher : McGraw Hill Professional
ISBN 13 : 9780786311385
Total Pages : 280 pages
Book Rating : 4.3/5 (113 download)
Download or read book The Complete Guide to Managing a Portfolio of Mutual Funds written by Ronald K. Rutherford and published by McGraw Hill Professional. This book was released on 1997 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a veteran financial planner, this guide uniquely covers the statistical and non-statistical issues involved in selecting and managing a balanced portfolio of mutual funds. It explains investment policy development techniques, explores all asset classes of mutual funds, and covers the critical issues of style analyses, data interpretation, and style management.
Author : Gaston Gelos
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (838 download)
Download or read book International Mutual Funds, Capital Flow Volatility, and Contagion written by Gaston Gelos and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
