Defined contribution pension plans : mutual fund asset allocation changes

Defined contribution pension plans : mutual fund asset allocation changes

In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans reac...

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Main Authors: Sialm, Clemens, Starks, Laura, Zhang, Hanjiang
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2015
Subjects:
DRNTU::Business::Finance::Asset allocation
Online Access:https://hdl.handle.net/10356/105694
http://hdl.handle.net/10220/26031
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1056942023-05-19T06:44:42Z Defined contribution pension plans : mutual fund asset allocation changes Sialm, Clemens Starks, Laura Zhang, Hanjiang Nanyang Business School DRNTU::Business::Finance::Asset allocation In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans react more sensitively to these conditions, suggesting effects on mutual fund managers and other investors. Published version 2015-06-23T07:12:58Z 2019-12-06T21:55:58Z 2015-06-23T07:12:58Z 2019-12-06T21:55:58Z 2015 2015 Journal Article Sialm, C., Starks, L., & Zhang, H. (2015). Defined contribution pension plans : mutual fund asset allocation changes. American economic review, 105(5), 432-436. 0002-8282 https://hdl.handle.net/10356/105694 http://hdl.handle.net/10220/26031 10.1257/aer.p20151006 en American economic review © 2015 American Economic Association. This paper was published in American Economic Review and is made available as an electronic reprint (preprint) with permission of American Economic Association. The published version is available at: [http://dx.doi.org/10.1257/aer.p20151006]. One print or electronic copy may be made for personal use only. Systematic or multiple reproduction, distribution to multiple locations via electronic or other means, duplication of any material in this paper for a fee or for commercial purposes, or modification of the content of the paper is prohibited and is subject to penalties under law. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::Finance::Asset allocation
spellingShingle DRNTU::Business::Finance::Asset allocation
Sialm, Clemens
Starks, Laura
Zhang, Hanjiang
Defined contribution pension plans : mutual fund asset allocation changes
description In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans react more sensitively to these conditions, suggesting effects on mutual fund managers and other investors.
author2 Nanyang Business School
author_facet Nanyang Business School
Sialm, Clemens
Starks, Laura
Zhang, Hanjiang
format Article
author Sialm, Clemens
Starks, Laura
Zhang, Hanjiang
author_sort Sialm, Clemens
title Defined contribution pension plans : mutual fund asset allocation changes
title_short Defined contribution pension plans : mutual fund asset allocation changes
title_full Defined contribution pension plans : mutual fund asset allocation changes
title_fullStr Defined contribution pension plans : mutual fund asset allocation changes
title_full_unstemmed Defined contribution pension plans : mutual fund asset allocation changes
title_sort defined contribution pension plans : mutual fund asset allocation changes
publishDate 2015
url https://hdl.handle.net/10356/105694
http://hdl.handle.net/10220/26031
_version_ 1770564596993622016

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