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TitleInvestor attention, fee structure, and newly issued funds
Creator陳鴻毅
Chen, Hong-Yi;Chen, Hsuan-Chi;Lai, Christine W.;Yang, Pei-Ling
Contributor財管系
Key WordsMutual funds; fee structure; survival; investor attention
Date2023-05
Date Issued29-Jan-2024 09:11:58 (UTC+8)
SummaryThis study examines the impact of investor attention on the fund inflows and survival of newly issued equity and bond funds. We employ the residual search volume index (RSVI) from Google Trends to directly measure investor attention to a mutual fund. We find that the RSVI is positively related to fund inflows for both new equity and bond funds. However, the RSVI is only positively related to the probability of survival for new equity funds, not for new bond funds. These results suggest that in addition to traditional channels such as advertising and sales forces, the Internet can serve as an alternative and effective tool for marketing and product distribution in the mutual fund industry.
RelationReview of Pacific Basin Financial Markets and Policies, Vol.26, No.2, pp.2350011
Typearticle
DOI https://doi.org/10.1142/S021909152350011X
dc.contributor 財管系
dc.creator (作者) 陳鴻毅
dc.creator (作者) Chen, Hong-Yi;Chen, Hsuan-Chi;Lai, Christine W.;Yang, Pei-Ling
dc.date (日期) 2023-05
dc.date.accessioned 29-Jan-2024 09:11:58 (UTC+8)-
dc.date.available 29-Jan-2024 09:11:58 (UTC+8)-
dc.date.issued (上傳時間) 29-Jan-2024 09:11:58 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/149410-
dc.description.abstract (摘要) This study examines the impact of investor attention on the fund inflows and survival of newly issued equity and bond funds. We employ the residual search volume index (RSVI) from Google Trends to directly measure investor attention to a mutual fund. We find that the RSVI is positively related to fund inflows for both new equity and bond funds. However, the RSVI is only positively related to the probability of survival for new equity funds, not for new bond funds. These results suggest that in addition to traditional channels such as advertising and sales forces, the Internet can serve as an alternative and effective tool for marketing and product distribution in the mutual fund industry.
dc.format.extent 105 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Review of Pacific Basin Financial Markets and Policies, Vol.26, No.2, pp.2350011
dc.subject (關鍵詞) Mutual funds; fee structure; survival; investor attention
dc.title (題名) Investor attention, fee structure, and newly issued funds
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1142/S021909152350011X
dc.doi.uri (DOI) https://doi.org/10.1142/S021909152350011X