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Handbook of Financial Intermediation and Banking by Arnoud Boot, Anjan V. Thakor

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CHAPTER 8 The Behavior of Mutual Fund Investors

Lu Zheng

Paul Merage School of Business, University of California, Irvine

Abstract

This chapter reviews findings on the behavior of mutual fund investors. It first outlines the evidence on how fund investors choose among many funds in the marketplace and how aggregate fund flows relate to market returns. It then explores ...

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