scholarly journals Price Effect of Mutual Fund Flows on the Corporate Bond Market. The French Case

2019 ◽  
Author(s):  
Virginie Coudert ◽  
Dilyara Salakhova
Keyword(s):  
Mutual Fund ◽  
Bond Market ◽  
Corporate Bond ◽  
Fund Flows ◽  
Price Effect ◽  
Corporate Bond Market ◽  
French Case ◽  
Mutual Fund Flows

Mutual Fund Trading Style and Bond Market Fragility

2020 ◽  
Author(s):  
Amber Anand ◽  
Chotibhak Jotikasthira ◽  
Kumar Venkataraman
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Bond Market ◽  
Corporate Bond ◽  
Corporate Bond Market ◽  
Market Stability ◽  
Price Effects

Abstract We explore the link between mutual funds and fragility risk in the corporate bond market. We classify a fund’s trading style based on its responses to signals of large dealer inventories. Trading style is persistent and the majority of funds demand liquidity. Notably, a subset of funds earn positive alpha by intentionally supplying liquidity during periods of sustained customer selling (with transitory price effects). Liquidity-supplying funds maintain their relative trading style when facing large outflows and elevated market stress, thus alleviating fragility risk. Our results add nuance to existing evidence that mutual funds pose a threat to market stability.

Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows

CFA Digest ◽  
2006 ◽  
Vol 36 (3) ◽  
pp. 64-65
Author(s):  
Frederick J. Cornelius
Keyword(s):  
Mutual Fund ◽  
Fund Flows ◽  
Mutual Fund Flows

Momentum in Korean Corporate Bond Market

2020 ◽  
Vol 33 (3) ◽  
pp. 301-338
Author(s):  
Minyeon Han ◽  
◽  
Jemoon Woo ◽  
Hyounggoo Kang
Keyword(s):  
Bond Market ◽  
Corporate Bond ◽  
Corporate Bond Market
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