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Mutual Fund Size and Investible Decisions of Variable Life Insurance

Author

Listed:
  • Nan-Yu Wang
  • Sen-Sung Chen
  • Chih-Jen Huang
  • Cheng-Hsin Yen

Abstract

We tested the relationship between flow-return and flow-fund characteristics relationship under different fund sizes by using quantile regression. We found that insured investors’ purchase-performance is better than non-insured investors. We found that the relationship between fund inflows and fund performance was stronger among the insured investors of both large-scale and small-scale funds than it was among the noninsured investors. In addition, deferred compensation rates also influenced the purchases and redemptions of the insured investors of large-scale funds. The relationship with performance was enhanced as purchase amounts increased.

Suggested Citation

  • Nan-Yu Wang & Sen-Sung Chen & Chih-Jen Huang & Cheng-Hsin Yen, 2015. "Mutual Fund Size and Investible Decisions of Variable Life Insurance," Asian Journal of Finance & Accounting, Macrothink Institute, vol. 7(1), pages 113-113, December.
    • Handle: RePEc:mth:ajfa88:v:7:y:2015:i:1:p:113
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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