The impact of quantitative easing on aggregate mutual fund flows in the UK

Iris Biefang-Frisancho Mariscal ()
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Iris Biefang-Frisancho Mariscal: University of the West of England, Bristol

Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: This paper examines the relationship between the Bank of England’s asset purchase programme (March 2009 to November 2012) and aggregate mutual fund allocation. The key findings of the paper are that retail investors increased fund allocation in low risk asset funds and tended to withdraw from high risk asset funds. In the aggregate, institutional investors reallocated, in a more nuanced way, within the mutual fund market towards riskier asset classes.

Keywords: Aggregate mutual fund flows; portfolio reallocation; quantitative easing (search for similar items in EconPapers)
JEL-codes: E52 E58 G11 G14 (search for similar items in EconPapers)
Date: 2017-01-04
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Persistent link: https://EconPapers.repec.org/RePEc:uwe:wpaper:20171704

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