Retail fund flows and performance: Insights from supervisory data
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F24%3A10490064" target="_blank" >RIV/00216208:11230/24:10490064 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31110/24:00060058
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=QpwSwpcsMW" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=QpwSwpcsMW</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.ememar.2024.101111" target="_blank" >10.1016/j.ememar.2024.101111</a>
Alternative languages
Result language
angličtina
Original language name
Retail fund flows and performance: Insights from supervisory data
Original language description
This paper explores inflows and outflows patterns in retail equity mutual funds related to past and future performance derived from detailed monthly security-level holdings of funds in the Czech Republic. We find that retail investors become sensitive to bad performance in times of aggregate illiquidity and while investing in funds that hold more illiquid assets. Moreover, we document that when facing illiquidity and deteriorating performance, under-performing equity investing funds experience lower investor purchases and a larger share of redemption requests. We observe similar investor behaviour in periods when retail investors face constraints on their disposable income.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA24-11583S" target="_blank" >GA24-11583S: Disentangling p-hacking from publication bias in finance research</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Emerging Markets Review
ISSN
1566-0141
e-ISSN
1873-6173
Volume of the periodical
59
Issue of the periodical within the volume
March 2024
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
20
Pages from-to
101111
UT code for WoS article
001178534300001
EID of the result in the Scopus database
2-s2.0-85183988777