Target Allocation Funds, Strategic Complementarities, and Market Fragility
收藏NBER2025-11-01 更新2025-11-29 收录
下载链接：
https://www.nber.org/papers/w34509
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资源简介：
Target allocation funds (TAFs) make predictable rebalancing trades to maintain portfolio weights across asset classes. During the COVID-19 stock market crash, TAFs sold $59 billion of bond fund shares and simultaneously purchased a similar amount of equity fund shares. We show that TAF rebalancing
提供机构：
美国国家经济研究局
创建时间：
2025-11-01
