scholarly journals Mutual Fund Investor Preference and its Performance

Author(s):  
Dr. S. P. Dhandayuthapani
2017 ◽  
Vol 52 (1) ◽  
pp. 71-109 ◽  
Author(s):  
Mark J. Kamstra ◽  
Lisa A. Kramer ◽  
Maurice D. Levi ◽  
Russ Wermers

We analyze the flow of money between mutual fund categories, finding strong evidence of seasonality in investor risk aversion. Aggregate investor flow data reveal an investor preference for safe mutual funds in autumn and risky funds in spring. During September alone, outflows from equity funds average $13 billion, controlling for previously documented flow determinants (e.g., capital-gains overhang). This movement of large amounts of money between fund categories is correlated with seasonality in investor risk aversion, consistent with investors preferring safer (riskier) investments in autumn (spring). We find consistent evidence in Canada and also in Australia, where seasons are offset by 6 months.


2019 ◽  
Vol 54 (5) ◽  
pp. 58
Author(s):  
Preeta Sinha ◽  
Tamal Taru Roy ◽  
Debi Prasad Lahiri
Keyword(s):  

2012 ◽  
Vol 3 (7) ◽  
pp. 67-69
Author(s):  
J. Lilly J. Lilly ◽  
◽  
Dr. D.Anusuya Dr. D.Anusuya

2014 ◽  
Author(s):  
Kuan-Ling Lai ◽  
◽  
Miao-Ling Chen ◽  
Chi-Lu Peng

CFA Digest ◽  
1999 ◽  
Vol 29 (2) ◽  
pp. 79-81
Author(s):  
Bruce D. Phelps

Sign in / Sign up

Export Citation Format

Share Document