The Rise of Fund Managers in Foreign Exchange:Will Fundamentals Ultimately Dominate?

This paper analyzes the behaviour and motivation of fund managers in foreign exchangemarkets reflected in questionnaire evidence. We find that fund managers andFX dealers differ significantly. Fund managers rely more on fundamentals, basicallydue to their longer forecasting horizons, and reject non-fundamental influences onexchange rates more than FX dealers. However, neither can fund managers be consideredas pure fundamentalists.[...]

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Year of publication:	2004-11-01
Authors:	Gehrig, Thomas ; Menkhoff, Lukas
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Wechselkurs \| Marktstruktur \| Fondsmanager

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Table of Contents
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1 Introduction
2 Literature and hypotheses
3 Data
4 Results
5 Robustness
6 Conclusions
References

Persistent link: https://www.econbiz.de/10005867605