Determinants of flows into retail international equity funds
Diversification benefits appear to be a major reason why investors choose international equity funds. Funds less correlated with the US market tend to receive higher flows from investors. In addition, investors prefer funds that invest in a diversified portfolio of securities from different regions in the world to funds that focus only on a specific region. Risk-adjusted return is shown to exert greater effect on flows into international equity funds than raw return. International equity funds from fund families offering a greater number of investment objectives also receive higher flows. On the other hand, international equity fund investors do not appear to be sensitive to expenses or exchange rates. Journal of International Business Studies (2008) 39, 1169–1177. doi:10.1057/palgrave.jibs.8400408
Year of publication: |
2008
|
---|---|
Authors: | Zhao, Xinge |
Published in: |
Journal of International Business Studies. - Palgrave Macmillan, ISSN 0047-2506. - Vol. 39.2008, 7, p. 1169-1177
|
Publisher: |
Palgrave Macmillan |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Exit Decisions in the U.S. Mutual Fund Industry
Zhao, Xinge, (2005)
-
Why are some mutual funds closed to new investors?
Zhao, Xinge, (2004)
-
Why are some mutual funds closed to new investors?
Zhao, Xinge, (2004)
- More ...