The Economic Impact of Mutual Fund Investor Behavior

While the behavior of mutual fund investors is an active field of study within finance, we do not know very much about how these behaviors have changed over time.  The simple reason for this is that most studies in this area examine only a single, static sample period or conduct only a very limited analysis of changes in behavior over sample sub-periods.  Yet a great deal has changed since the early 1990s, when most of the accurate and detailed mutual fund data became available.  Financial markets, technology, and resources for investor education all look very different in 2018 than they … Read more