Common Fund Flows: Flow Hedging and Factor Pricing
收藏数据链接:
官方服务:
资源简介:
Active equity funds care about fund size, affected by fund flows that obey a strong factor structure with the common component responding to macroeconomic shocks. Funds hedge against common flows by tilting their portfolios toward low-flow-beta stocks, while household/retail and index investors
提供机构:
美国国家经济研究局创建时间:
2022-07-01



