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Title Changes in the global investor base and the stability of portfolio flows to emerging markets / prepared by Luis Brandão-Marques [and others]
Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (36 pages) : color illustrations
Series IMF working paper, 1018-5941 ; WP/15/277
IMF working paper ; WP/15/277.
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."
"Monetary and Capital Markets Department."
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
Equity -- Developing countries
Mutual funds -- Developing countries
Bond market
Equity
Mutual funds
Developing countries
Form Electronic book
Author Marques, Luís Brandão, (IMF staff)
Gelos, Gaston, (IMF staff)
Ichiue, Hibiki, (IMF staff)
Oura, Hiroko, (IMFstaff)
International Monetary Fund. Monetary and Capital Markets Department.
ISBN 1513555561
9781513555560