Day Trading International Mutual Funds: Evidence And Policy Solutions
AbstractDaily pricing of mutual funds provides liquidity to investors but is subject to valuation errors due to the inability to observe synchronous, fair security prices at the end of the trading day. This may hurt fund investors if speculators strategically seek to exploit mispricing or if the net flow of money into funds is correlated with these pricing errors. We show that mutual funds are exposed to speculative traders by usin
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Bibliographic InfoPaper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm138.
Date of creation: 01 Apr 2000
Date of revision: 01 Jun 2001
Other versions of this item:
- Goetzmann, William N. & Ivković, Zoran & Rouwenhorst, K. Geert, 2001. "Day Trading International Mutual Funds: Evidence and Policy Solutions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 36(03), pages 287-309, September.
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