Mutual Fund Flows and Benchmark Portfolio Returns

Joakim KVAMVOLD

Article Details

Mutual Fund Flows and Benchmark Portfolio Returns

Authors:

Joakim KVAMVOLD

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.236-242

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000811825

Frequency:

Bimonthly

eISSN:

2146-4138

Abstract:

 

We examine trading caused by net flows to mutual funds invested at the Oslo Stock Exchange. Our results show that trading by index-linked mutual funds and actively managed funds are correlated with returns on different segments of the stock exchange. Neither investor sentiment, nor feedback trading explain this correlation. We argue that information cannot explain the results. Hence, we provide evidence that changes in demand matters for stock prices.

Article Details

Mutual Fund Flows and Benchmark Portfolio Returns

Authors: Joakim KVAMVOLD

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.236-242

Document Type: Article

Publication Date: 5/2017

Document Language: Turkish

Document ID (Org No.): 2000811825

Frequency: Bimonthly

eISSN: 2146-4138

Issues

Authors:

Joakim KVAMVOLD

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.236-242

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000811825

Frequency:

Bimonthly

eISSN:

2146-4138