Are There Disadvantaged Clienteles in Mutual Funds?

@article{Jank2010AreTD,
  title={Are There Disadvantaged Clienteles in Mutual Funds?},
  author={Stephan Jank},
  journal={Mutual Funds},
  year={2010}
}
  • S. Jank
  • Published 2010
  • Economics, Business
  • Mutual Funds
This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and also hold an increased share in the top performing funds. Insurance companies and pension funds show some evidence of performance chasing, but are underrepresented in the best performing funds… 

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