Series: IMF Working Papers
Author(s): Jasmine Xiao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 2015
Keywords: herding, feedback trading, flows, foreign mutual funds, bond, domestic mutual funds, Portfolio Choice,
This paper utilizes a new dataset of foreign and domestic mutual funds in Mexico to assess their behavior and obtains three new findings. First, foreign mutual funds are more sensitive to global financial condition...