Corpus ID: 167986533

The role of mutual funds in the real economy

@inproceedings{Zu2016TheRO,
  title={The role of mutual funds in the real economy},
  author={Yiqing Zu},
  year={2016}
}
This thesis studies the roles of equity mutual funds in the real economy. I review the literature and identify two channels through which mutual funds can exert influences on the real economy: first as informed financiers in the new equity issues market and second as informed traders in the secondary market. I then focus on the first channel and present a simple of model of mutual fund intermediation to show that when mutual funds have superior screening abilities relative to retail investors… Expand
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