Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 15 of 15 for “"Fund Flows"”.
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The Relationship between Analyst Forecasts, Investment Fund Flows and Market Returns = Elemzői előrejelzések, befektetési alapok pénzáramlása és a részvénypiaci hozamok kapcsolata. A feltörekvő európai részvénypiac vizsgálata
… and showed the value of analyst opinion and fund flow data in understanding returns through the example of Emerging European equity markets. With wider-spread availability of the analyst opinion and fund flow data, we hope more academic research would cover the microstructure of the cash …
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Selling Winners, Holding Losers: Effect on Mutual Fund Performance and Flows
… and hold losers, exists among U.S. equity mutual funds and how the disposition effect influences fund performance and particularly flows. We find that a significant fraction (32%) of all funds exhibit some degree of disposition behavior. These funds underperform funds that are not disposition …
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The Cross-Section of Investing Skill
… method for estimating the skill of mutual fund managers. Outliers are especially helpful for disentangling skill from luck when I explicitly model the cross-sectional distribution of managerial skill using a flexible and realistic function. Forecasted performance is dramatically improved …
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Active and passive assets, their returns and the role of market efficiency
Passive investments, as a vehicle of fund allocation, have grown to comprise an increasingly significant portion of the global investment landscape, substantially due to the relative underperformance of active investments. Several prior studies have noted the existence of a relationship between the …
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Actively Managed Mutual Fund Holdings and Fund Performance
I examine mutual fund performance using three different perspectives. I begin with Mutual Fund Holdings Batting Average, in which I analyze mutual fund performance through the creation of a new variable using funds’ stock holdings information. My results show that this new variable, Holdings …
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Herding by South African Equity Unit Trusts: An analysis of the causes and extent of herding behaviour on the JSE Limited
… that drive spurious correlation; namely, net fund flows and momentum/ share size trading strategies. Employing the Sias measure, the empirical results reveal strong evidence of equity unit trust herding at the individual share-level for the period December 2012 – March 2020. This dissertation …
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What drives hedge fund returns? : models of flows, autocorrelation, optimal size, limits to arbitrage and fund failures
Hedge funds provide an opportunity for investing with few government regulations and high potential returns. Since 1980 this has lead to the dramatic, 25% annual increase in the number of hedge funds, and with nearly $700 billion managed by hedge funds in 2003. However, high risks associated with …
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Three Essays on Machine Learning in Empirical Finance
… attention effect in the sensitivity of mutual fund flows to fund performance using individual-level fund data from a fintech platform in China. Investors increase (decrease) flows to funds following positive and strong (negative and weak) prior-month performance. However, although there is no …
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Two Essays Relating to Mutual Fund Performance
… papers, we examine different aspects of mutual fund performance and other issues. In the first chapter, we look at exchange-traded funds (ETFs) and how they differ from index funds in performance and tracking error. Using daily data and a more comprehensive sample than past research, we find …
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Review of drug financing and expenditure in Uganda : sustainability and improved access to essential medicines
… situation in Uganda demonstrating the flow of funds for drugs in the health sector. The study further investigates whether the available financial resources could be sustained over time and assesses financial sustainability of resources for drugs in the public sector required to meet the drug …
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Essays in financial economics
… the effect of competition from low-cost index funds on fees in the money management industry. A difference-in-differences analysis exploiting the staggered entry of index funds finds that while actively managed funds sold directly to retail investors reduce fees by six percent, those sold …
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Essays on empirical asset pricing
… Chapter 1 shows that, for active mutual funds, historical in-sample alpha is a poor predictor of out-of-sample alpha. However, by focusing on a subset of skilled managers who are able to generate positive alpha via profitable bets on firm specific risks (stock-picking), I show that a new …
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Two Essays on Equity Mutual Funds
… whether the investment decisions of mutual fund investors incorporate information about future stock returns contained in predictive and macroeconomic variables. If investors incorporate this information, then variation in flows should be related to that in predictive variables and …
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Understanding factors for investment into South African diaspora bonds: an extended theory of planned behaviour
… government service delivery, misappropriation of funds, poor international relations, as well as corruption in procurement, weak institutions, and government policies deterring FDI; however, they had confidence in the regulatory bodies, governing financial instruments. Some participants were …