The Last Great Arbitrage: Exploiting the Buy-and-Hold Mutual Fund Investor

This paper demonstrates that an an institutional feature inherent in a multitude of mutual funds managing billions in assets generates fund NAVs that reflect stale prices. Since, in many cases, investors can trade at these NAVs with little or no transactions costs, there is an obvious trading opportunity.(...)

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Year of publication:	2001-06-01
Authors:	Boudoukh, Jacob ; Richardson, Matthew P. ; Subrahmanyam, Marti ; Whitelaw, Robert F.
Publisher:	Salomon Center <New York, NY>
Subject:	Strategie \| Handel \| trade \| Investmentfonds

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Extent:	245760 bytes 40 p. application/pdf
Series:	NYU Salomon Center for the Study of Financial Institutions - Publications Arbeitspapier - NYU Salomon Center for the Study of Financial Institutions - Asset Management ; SC-AM-00-04
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005846601