An Empirical Analysis of Herding Behaviour in The US Mutual Funds Industry
The paper explores the existence of herding behaviour in the US mutual funds industry by utilising the methodology of cross-sectional dispersion in fund returns with respect to market return. We employ monthly return data of mutual funds from December, 2007 to December, 2017. In general, we find no...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2018
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| Online Access: | https://eprints.nottingham.ac.uk/54566/ |