Does mutual fund family size matter? International evidence

2021 ◽  
pp. 100708
Author(s):  
Yihao Chen ◽  
Antonio F. Miguel ◽  
Liu Xiayue
Keyword(s):  
Family Size ◽  
Mutual Fund ◽  
International Evidence ◽  
Mutual Fund Family ◽  
Size Matter

The Impact of Mutual Fund Family Membership on Investor Risk

CFA Digest ◽  
2007 ◽  
Vol 37 (4) ◽  
pp. 87-88
Author(s):  
Charles F. Peake
Keyword(s):  
Mutual Fund ◽  
Mutual Fund Family ◽  
The Impact ◽  
Family Membership

scholarly journals Longevity — does family size matter?

Nature ◽  
10.1038/21059 ◽  
1999 ◽  
Vol 399 (6736) ◽  
pp. 522-522 ◽  
Author(s):  
Toon Ligtenberg ◽  
Henk Brand
Keyword(s):  
Family Size ◽  
Size Matter

scholarly journals The Impact of Mutual Fund Family Membership on Investor Risk

2005 ◽  
Author(s):  
Edwin J. Elton ◽  
T. Clifton Green ◽  
Martin J. Gruber
Keyword(s):  
Mutual Fund ◽  
Mutual Fund Family ◽  
The Impact ◽  
Family Membership

scholarly journals The Impact of Mutual Fund Family Membership on Investor Risk

2007 ◽  
Vol 42 (2) ◽  
pp. 257-277 ◽  
Author(s):  
Edwin J. Elton ◽  
Martin J. Gruber ◽  
T. Clifton Green
Keyword(s):  
Mutual Fund ◽  
Retirement Savings ◽  
Portfolio Risk ◽  
Economic Sectors ◽  
The Family ◽  
Additional Fund ◽  
Fund Families ◽  
Mutual Fund Family ◽  
The Impact ◽  
Family Membership

AbstractMany investors confine their mutual fund holdings to a single fund family either for simplicity or through restrictions placed by their retirement savings plan. We find evidence that mutual fund returns are more closely correlated within than between fund families. As a result, restricting investment to one fund family leads to a greater total portfolio risk than diversifying across fund families. We examine the sources of this increased correlation and find that it is due primarily to common stock holdings, but is also more generally related to families having similar exposures to economic sectors or industries. Fund families also show a propensity to focus on high or low risk strategies, which leads to a greater dispersion of risk across restricted investors. An investor considering adding an additional fund, either in the same family or outside the family, would need to believe the inside fund offered an extra 50 to 70 basis points to have the same Sharpe ratio.

Longevity — does family size matter?

Nature ◽  
1999 ◽  
Vol 399 (6736) ◽  
pp. 522-522 ◽  
Author(s):  
R. G. J. Westendorp ◽  
T. B. L. Kirkwood
Keyword(s):  
Family Size ◽  
Size Matter
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