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Investor Sophistication and Target-Date Fund Investing

Guillemette, Michael - 2019

The Pension Protection Act of 2006 identified target-date funds as an appropriate default investment for defined … given that this paper provides evidence that investors who stand to benefit the most from target-date fund investment are …

Persistent link: https://www.econbiz.de/10012904328

Trend Salience, Investor Behaviors and Momentum Profitability

Hurst, Gareth - 2019

extrapolated or mean reverted. We examine whether investors are more likely to extrapolate trends that they perceive to be salient … by examining an investment strategy that considers both the magnitude and the strength of the trend. Consistent with … behavioral models of momentum, our investment strategy based on trend salience significantly outperforms traditional momentum …

Persistent link: https://www.econbiz.de/10012905013

Mutual Funds Win and Investors Lose

Haslem, John A. - 2019

This study provides in-depth coverage of important findings surrounding the question of why investors continue to buy underperforming actively managed mutual funds. This issue is complicated by the finding that active managers have skill that allows them to add fund value, but that is not shared...

Persistent link: https://www.econbiz.de/10012905402

The return characteristics of major U.S. equity asset classes

Patel, Jayen B. - In: Journal of international business and economics : JIBE 19 (2019) 4, pp. 49-60

Persistent link: https://www.econbiz.de/10012879606

Asset allocation efficiency from dynamic and static strategies in underfunded pension funds

Park, Chunsuk; Kim, Dong-soon; Lee, Kaun Y. - In: Journal of derivatives and quantitative studies : … 30 (2022) 1, pp. 2-22

This study attempts to conduct a comparative analysis between dynamic and static asset allocation to achieve the long-term target return on asset liability management (ALM). This study conducts asset allocation using the ex ante expected rate of return through the outlook of future economic...

Persistent link: https://www.econbiz.de/10012887251

Are Passive Funds Really Superior Investments : An Investor Perspective

Elton, Edwin J. - 2019

A number of papers have demonstrated that over historical periods, a specified set of factors have outperformed actively managed funds. However, in almost all cases, the factors employed or the procedures followed are not replicable by tradable passive investments. In addition, tradable passive...

Persistent link: https://www.econbiz.de/10012889001

Inflation Hedging Characteristics of Securitized Real Estate Investments in Nigeria

Dabara, Daniel Ibrahim - 2021

to providing information to aid real estate investors in making informed investment decisions. The time frame for the … were analyzed by means of both descriptive statistical tools such as frequencies, mean scores and percentages; and … that real estate investors consider including REITs in their investment portfolios to so as to protect their investment …

Persistent link: https://www.econbiz.de/10013237973

Why Do Wealthy Investors have a Higher Return on their Stocks?

Bonaparte, Yosef - 2021

An analysis of the Survey of Consumer Finance shows that wealthy investors have a higher return on their stocks than their poorer counterparts. Three key empirical facts emerge: (i) wealthy investors employ more productive search efforts, (ii) financial risk bearing and search efforts are...

Persistent link: https://www.econbiz.de/10013238155

The Moral Investor : Sin Stock Aversion and Virtue Stock Affinity

Chew, Soo Hong; Li, King King - 2021

Does morality in business affect investors’ choice of stocks? Building on the source preference literature, we propose a novel measure of moral stock preference and offer a nested model relating it to social preference, attention to corporate social responsibility (CSR), and belief bias. We...

Persistent link: https://www.econbiz.de/10013241747

Chapter 17. Taxation, Risk-Taking, and Household Portfolio Behavior

Poterba, James M. - In: Handbook of public economics : volume 3, (pp. 1109-1171). 2002

This chapter summarizes the current state of research on how taxation affects household decisions with respect to portfolio structure and asset trading. It discusses long-standing issues, such as the impact of differential taxation of income flows from stocks and bonds on the incentives for...

Persistent link: https://www.econbiz.de/10014024847