Painting the tape: Aggregate evidence

Dan Bernhardt; Ryan J. Davies

doi:10.1016/j.econlet.2005.06.015

Painting the tape: Aggregate evidence

Research output: Contribution to journal › Article › peer-review

Abstract

We document systematic patterns in daily aggregate market returns around end-of-quarters consistent with strategic fund manager behavior and the growing presence of mutual funds in the market.

Original language	English (US)
Pages (from-to)	306-311
Number of pages	6
Journal	Economics Letters
Volume	89
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2005.06.015
State	Published - Dec 2005

Keywords

Investment distortion
Mutual fund performance
Painting the tape
Turn-of-quarter effect

ASJC Scopus subject areas

Finance
Economics and Econometrics

Online availability

10.1016/j.econlet.2005.06.015

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title = "Painting the tape: Aggregate evidence",

abstract = "We document systematic patterns in daily aggregate market returns around end-of-quarters consistent with strategic fund manager behavior and the growing presence of mutual funds in the market.",

keywords = "Investment distortion, Mutual fund performance, Painting the tape, Turn-of-quarter effect",

author = "Dan Bernhardt and Davies, {Ryan J.}",

note = "Funding Information: Dan Bernhardt acknowledges funding from the National Science Foundation research grant, SES-0317700.",

year = "2005",

month = dec,

doi = "10.1016/j.econlet.2005.06.015",

language = "English (US)",

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journal = "Economics Letters",

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AU - Bernhardt, Dan

AU - Davies, Ryan J.

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Y1 - 2005/12

N2 - We document systematic patterns in daily aggregate market returns around end-of-quarters consistent with strategic fund manager behavior and the growing presence of mutual funds in the market.

AB - We document systematic patterns in daily aggregate market returns around end-of-quarters consistent with strategic fund manager behavior and the growing presence of mutual funds in the market.

KW - Investment distortion

KW - Mutual fund performance

KW - Painting the tape

KW - Turn-of-quarter effect

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DO - 10.1016/j.econlet.2005.06.015

M3 - Article

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EP - 311

JO - Economics Letters

JF - Economics Letters

IS - 3

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Painting the tape: Aggregate evidence

Abstract

Keywords

ASJC Scopus subject areas

Online availability

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