.png){kind=icon}
Return
Connected Funds
.png){kind=icon}
PRE
AI
DOI：10.1093/rfs/hhad030.png)
.png){kind=icon}
Original request for help.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
Mutual funds often invest in other funds. In this paper, we analyze the economics behind such cross-fund investments and investigate their financial stability implications. Using granular data for the German fund sector, our main findings are that cross-fund investments (a) are becoming increasingly important over time, (b) were heavily liquidated during March 2020, and (c) display measurable contagion effects. Overall, cross-fund investments can elevate structural fund sector vulnerabilities. Authors have furnished an , which is available on the Oxford University Press Web site next to the link to the final published paper online.
Keywords:
G10
G11
G23
Journal
IF:
5.4
Papers:
2.8K
Citations:
3.0W
Organization
Cited Papers
Favoritism in mutual fund families? Evidence on strategic cross-fund subsidization.png)
JOURNAL OF FINANCE
JOURNAL OF FINANCEIF9.5
PREAI
ShareSaveShareSave
ShareSaveShareSaveShareSaveShareSaveShareSave
View more