Description |
1 online resource (36 pages) : color illustrations |
Series |
IMF working paper, 1018-5941 ; WP/15/277 |
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IMF working paper ; WP/15/277.
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Summary |
An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds. Flows from retail, open-end, and offshore funds are more volatile. Global funds are more stable in their EM investments than "dedicated" EM funds. Differences in the stability of flows from ultimate investors play a key role in explaining these patterns. The changing mix of global investors over the past 15 year has probably made portfolio flows to EMs more sensitive to global financial conditions.--Abstract |
Notes |
"December 2015." |
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"Monetary and Capital Markets Department." |
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Authors: Luis Brandão-Marques, Gaston Gelos, Hibiki Ichiue, and Hiroko Oura |
Bibliography |
Includes bibliographical references (pages 33-35) |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed February 3, 2016) |
Subject |
Bond market -- Developing countries
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Equity -- Developing countries
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Mutual funds -- Developing countries
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Bond market
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Equity
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Mutual funds
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Developing countries
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Form |
Electronic book
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Author |
Marques, Luís Brandão, (IMF staff)
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Gelos, Gaston, (IMF staff)
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Ichiue, Hibiki, (IMF staff)
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Oura, Hiroko, (IMFstaff)
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International Monetary Fund. Monetary and Capital Markets Department.
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ISBN |
1513555561 |
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9781513555560 |
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