Publication

Cyclical behavior of international fund flows

Li, S., de Haan, J. & Scholtens, B. 5-Jul-2017 In : Research in International Business and Finance.

Research output: Scientific - peer-reviewArticle

Documents

  • Cyclical behavior of international fund flows

    Final author's version, 366 KB, PDF-document

    Embargo ends: 17/07/2018

DOI

Using monthly data, we investigate the cyclicality of international fund flows employing correlation and regression analysis. International fund flows are investments by funds like mutual funds, exchange traded funds, closed-end funds and hedge funds. Our results suggest that contemporaneously international fund flows tend to be counter-cyclical, i.e. in an economic downswing fund flows move into the country. The cyclicality of bond flows is more significant than that of equity flows. Global factors dominate the behavior of international fund flows, especially for equity flows.
Original languageEnglish
JournalResearch in International Business and Finance
StateAccepted/In press - 5-Jul-2017

    Keywords

  • international fund flows, cyclicality, equity flows, bond flows, push and pull factors

View graph of relations

ID: 48110774