• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • Vis innførsel
  •   Hjem
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Empirical study on flow-performance relationship of Norwegian mutual funds : retail investor versus institutional investor

Hua, Yifang; Huang, Yajun
Master thesis
Thumbnail
Åpne
MSc thesis - Hua & Huang.pdf (455.8Kb)
Permanent lenke
http://hdl.handle.net/11250/94847
Utgivelsesdato
2012-05-11
Metadata
Vis full innførsel
Samlinger
  • Master of Science [1116]
Sammendrag
In this paper we study the relationship between past performance and investor flows of Norwegian mutual funds by using a dataset from February, 2003 to May, 2007. We divide mutual fund investors into two subgroups-retail investors and institutional investors-to investigate the potential difference between these two kinds of investors in their reactions to past performance. Our results indicate that both types of investors would respond to sophisticated performance measure, and this response is asymmetric. Funds that are ranked higher based on recent performance would receive more net inflows from retail investors as well as institutional investors than funds in the lower ranks. Retail investors and institutional investors do not seem to behave very differently in the Norwegian mutual fund market.
Beskrivelse
Masteroppgave(MSc) in Master of Science in Financial Economics - Handelshøyskolen BI,2012

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit