What's in a (Green) Name? The Consequences of Greening Fund Names on Fund Flows, Turnover, and Performance
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DOI: 10.1016/j.frl.2020.101620
Abstract: Abstract We examine a sample of U.S. mutual funds and find that, between 2003 and 2018, 28 funds have changed their names to a sustainability-related appellation. Following the name change, we observe three main outcomes:… read more here.
Keywords: consequences greening; fund flows; green name; fund ... See more keywords
Mutual fund flows and fluctuations in credit and business cycles
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DOI: 10.1016/j.jfineco.2020.07.004
Abstract: Abstract Several measures of credit-market booms are known to precede downturns in real economic activity. We offer an early indicator for all known measures of credit booms. Our measure is based on intra-family flow shifts… read more here.
Keywords: fund flows; flows fluctuations; mutual fund; measures credit ... See more keywords
Investor learning and mutual fund flows
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DOI: 10.1111/fima.12378
Abstract: This paper investigates the implications of investor learning for the sensitivity of mutual fund flows to past performance. We illustrate theoretically that when some sophisticated investors learn from past fund performance to form their posterior… read more here.
Keywords: investor learning; fund flows; fund; performance ... See more keywords