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The impact of quantitative easing on aggregate mutual fund flows in the UK

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  • Iris Biefang-Frisancho Mariscal

    (University of the West of England, Bristol)

Abstract

This paper examines the relationship between the Bank of England’s asset purchase programme (March 2009 to November 2012) and aggregate mutual fund allocation. The key findings of the paper are that retail investors increased fund allocation in low risk asset funds and tended to withdraw from high risk asset funds. In the aggregate, institutional investors reallocated, in a more nuanced way, within the mutual fund market towards riskier asset classes.

Suggested Citation

  • Iris Biefang-Frisancho Mariscal, 2017. "The impact of quantitative easing on aggregate mutual fund flows in the UK," Working Papers 20171704, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    • Handle: RePEc:uwe:wpaper:20171704
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    File URL: http://www2.uwe.ac.uk/faculties/BBS/BUS/Research/General/Economic%20Papers%202017/1704.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Aggregate mutual fund flows; portfolio reallocation; quantitative easing;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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