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Mutual Fund Fun Case Study

In: Ethics in Finance

Author

Listed:
  • Kara Tan Bhala

    (Seven Pillars Institute for Global Finance and Ethics)

Abstract

This case study tells the story of time zone arbitraging of shares in a mutual fund. This form of trading is short term, usually within 24 or 48 hours. This arbitrage trading takes advantage of price discrepancies that arise from a situation where primary markets for the underlying securities of a mutual fund are closed at the times the fund is traded. To evaluate the conduct of time zone arbitraging in mutual funds, we use two ethics tools: (1) the fiduciary principle and (2) the concepts of commutative and distributive justice.

Suggested Citation

  • Kara Tan Bhala, 2023. "Mutual Fund Fun Case Study," Springer Books, in: Ethics in Finance, edition 2, chapter 0, pages 33-41, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-34401-5_4
    DOI: 10.1007/978-3-031-34401-5_4
    as

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