Mutual Fund Fun Case Study

Kara Tan Bhala ()
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Kara Tan Bhala: Seven Pillars Institute for Global Finance and Ethics

Chapter Chapter 4 in Ethics in Finance, 2021, pp 33-41 from Springer

Abstract: Abstract This case study tells the story of time zone arbitraging of shares in a mutual fund. This form of trading is short term, usually within 24 or 48 hours, and takes advantage of price discrepancies that arise from a situation where primary markets for the underlying securities of a mutual fund are closed at the times the fund is traded. To evaluate the conduct of time zone arbitraging in mutual funds, we use two ethics tools: (1) the fiduciary principle and (2) the concepts of commutative and distributive justice.

Keywords: Plato; Fiduciary duty; Time zone arbitraging; Fairness; Commutative justice; The Republic (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-73754-2_4

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DOI: 10.1007/978-3-030-73754-2_4

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