Herding Investment of NPF¡¯s Outsourced Funds | |||||
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Part | NPRI | Date | 2016/08/02 | Hits | 475 |
Herding Investment of NPF¡¯s Outsourced Funds Jiyon Lee, Deputy Research Fellow, NPRI ¥°. Introduction ¥±. Estimation Methods 1. Types of herding investment and analytic focus 2. Models ¥². Estimation Results 1. Overall crossperiod correlation of funds' trades 2. Momentum trading effects and herding investment 3. Overview of information-based herding 4. Herding by fund groups 5. Herding by fund investment styles 6. Herding investment and fund returns ¥³. Conclusion |