Home bias at the fund level

"This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the si...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Hau, Harald (VerfasserIn)
Weitere Verfasser: Rey, Hélène (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2008
Schriftenreihe:NBER working paper series 14172
Schlagworte:
1997-2002 > Internationaler Finanzmarkt > Kapitalanlage > Investmentfonds > Portfoliodiversifikation > Nordamerika > Europa > Arbeitspapier > Graue Literatur
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:"This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest. These facts constitute a challenge for existing theories"--National Bureau of Economic Research web site
Beschreibung:14 S.
graph. Darst.