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Author:Guerico, D. del
Tkac, P.A.
Title:The determinants of the flowof funds of managed portfolios: mutual funds vs. pension funds
Journal:Journal of Financial and Quantitative Analysis
2002 : DEC, VOL. 37:4, p. 523-557
Index terms:Flow of funds analysis
Pension funds
Portfolio management
Unit trusts
Language:eng
Abstract:This study compares the relations between asset flow and performance in the retail mutual fund and fiduciary pension fund segments of the money management industry, and relates empirical differences to fundamental differences in the clientele they serve. A striking difference is the shape of the flow-performance relation.
SCIMA record nr: 244135
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