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Title | Investor 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 Words | Mutual funds; fee structure; survival; investor attention |
Date | 2023-05 |
Date Issued | 29-Jan-2024 09:11:58 (UTC+8) |
Summary | 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. |
Relation | Review of Pacific Basin Financial Markets and Policies, Vol.26, No.2, pp.2350011 |
Type | article |
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 |