Flows and Returns: A New Perspective
Seminar
Speaker
Ariel Levy
Date
25/11/2013 - 12:30 - 11:00Add To Calendar
2013-11-25 11:00:00
2013-11-25 12:30:00
Flows and Returns: A New Perspective
Abstract: The connection between the demand for investments and investment returns has so far been addressed almost exclusively in the context of inflows of money into mutual funds and their return performance. We provide a new perspective on this relationship by exploring a larger set of
financial instruments, a set which is more representative of the abundance of investment vehicles currently used in
financial markets. In contrast to prior research, we fi
nd a much richer structure between flows and returns, a structure that depends on the active vs. passive investment approach which the particular instrument serves.
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Affiliation
Technion
Abstract
Abstract: The connection between the demand for investments and investment returns has so far been addressed almost exclusively in the context of inflows of money into mutual funds and their return performance. We provide a new perspective on this relationship by exploring a larger set of financial instruments, a set which is more representative of the abundance of investment vehicles currently used in financial markets. In contrast to prior research, we fi nd a much richer structure between flows and returns, a structure that depends on the active vs. passive investment approach which the particular instrument serves.
Attached file
Last Updated Date : 20/08/2013
