On the international transmission of shocks : micro-evidence from mutual fund portfolios (English)

Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors through injections of capital into, or redemptions out of, each fund, and by managers changing the country weights and cash in their portfolios. Both investors...

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Author

Raddatz Kiefer,Claudio Enrique;

Schmukler,Sergio L.;
Document Date
2012/05/01
Document Type
Policy Research Working Paper
Report Number
WPS6072
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2012/05/01
Disclosure Status
Disclosed
Doc Name
On the international transmission of shocks : micro-evidence from mutual fund portfolios
Keywords
bond fund

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Citation

Raddatz Kiefer,Claudio Enrique; Schmukler,Sergio L..

On the international transmission of shocks : micro-evidence from mutual fund portfolios (English). Paper is funded by the Knowledge for Change Program (KCP)|Policy Research working paper ; no. WPS 6072 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/720321468158065222

On the international transmission of shocks : micro-evidence from mutual fund portfolios (English)

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