| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15033 |
| DP15033 Mutual Fund Performance and Flows During the COVID-19 Crisis | |
| Luboš Pástor; Blair Vorsatz | |
| 发表日期 | 2020-07-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We present a comprehensive analysis of the performance and flows of U.S. actively-managed equity mutual funds during the COVID-19 crisis of 2020. We find that most active funds underperform passive benchmarks during the crisis, contradicting a popular hypothesis. Funds with high sustainability ratings perform well, as do funds with high star ratings. Fund outflows largely extend pre-crisis trends. Investors favor funds that apply exclusion criteria and funds with high sustainability ratings, especially environmental ones. Our finding that investors remain focused on sustainability during this major crisis suggests they view sustainability as a necessity rather than a luxury good. |
| 主题 | Financial Economics |
| 关键词 | Covid-19 Mutual funds Sustainability |
| URL | https://cepr.org/publications/dp15033 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543983 |
| 推荐引用方式 GB/T 7714 | Luboš Pástor,Blair Vorsatz. DP15033 Mutual Fund Performance and Flows During the COVID-19 Crisis. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Luboš Pástor]的文章 |
| [Blair Vorsatz]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Luboš Pástor]的文章 |
| [Blair Vorsatz]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Luboš Pástor]的文章 |
| [Blair Vorsatz]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
