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Full-Text Articles in Finance and Financial Management

Emerging Market Mutual Funds: Recent Trends In Performance, Expenses, Composition And Growth, Will Bertin, Laurie Prather, Li-Anne Woo Jul 2014

Emerging Market Mutual Funds: Recent Trends In Performance, Expenses, Composition And Growth, Will Bertin, Laurie Prather, Li-Anne Woo

Li-Anne Woo

Emerging market mutual funds are a rapidly growing mutual fund category. This growth is most likely due to their impressive realized returns, although their returns may be quite volatile. This study reports on emerging market mutual funds' characteristics and performance relative to domestic and international equity mutual funds and also details the significant growth in these funds. We further consider the investment allocations of the three categories of funds among developing versus mature markets. Our results suggest that the superior performance of emerging market mutual funds more than adequately compensates for their higher risk, and thus provides a sound justification …


Emerging Market Mutual Funds: Recent Trends In Performance, Expenses, Composition And Growth, Will Bertin, Laurie Prather, Li-Anne Woo Jul 2014

Emerging Market Mutual Funds: Recent Trends In Performance, Expenses, Composition And Growth, Will Bertin, Laurie Prather, Li-Anne Woo

Laurie Prather

Emerging market mutual funds are a rapidly growing mutual fund category. This growth is most likely due to their impressive realized returns, although their returns may be quite volatile. This study reports on emerging market mutual funds' characteristics and performance relative to domestic and international equity mutual funds and also details the significant growth in these funds. We further consider the investment allocations of the three categories of funds among developing versus mature markets. Our results suggest that the superior performance of emerging market mutual funds more than adequately compensates for their higher risk, and thus provides a sound justification …


Transnational Regulatory Regimes In Finance: A Comparative Analysis Of Their (Dis-)Integrative Effects, Katharina Pistor Jan 2014

Transnational Regulatory Regimes In Finance: A Comparative Analysis Of Their (Dis-)Integrative Effects, Katharina Pistor

Faculty Scholarship

Financial markets have become increasingly interconnected with financial intermediaries and instruments linking local and national markets to form regional or even global ones. The global financial crisis of 2008 demonstrated once more that financial interdependence can be both a blessing and a curse. It facilitates the movement of capital and the expansion of credit, and as such promotes economic development in good times; however, in bad times it transmits liquidity shortages throughout the system triggering financial crises and economic recessions where credit expansion earlier fuelled expansion and growth. A critical question therefore is how to structure the governance of transnational …