Home Bias at the Fund Level

Harald Hau () and Helene Rey ()

No 14172, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest. These facts constitute a challenge for existing theories.

JEL-codes: F21 G15 (search for similar items in EconPapers)
Date: 2008-07
Note: AP IFM
View list of references

Downloads: (external link)
http://www.nber.org/papers/w14172.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
Working Paper: Home Bias at the Fund Level (2008)
Journal Article: Home Bias at the Fund Level (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nbr:nberwo:14172

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w14172
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().