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Author: | Borensztein, E. Gaston Gelos, R. |
Title: | A panic-prone pack? The behavior of emerging market mutual funds |
Journal: | IMF Staff papers
2003 : VOL. 47:3, p. 43-63 |
Index terms: | Emerging markets Funds Unit trusts |
Freeterms: | Herding |
Language: | eng |
Abstract: | The behaviour of emerging market mutual funds is explored using a novel database covering the holdings of individual funds over the period January 1996 to December 2000. The degree of herding among funds is statistically significant, but moderate. |
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