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Home Bias at the Fund Level / Harald Hau, Helene Rey.
- Format:
- Book
- Author/Creator:
- Hau, Harald.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14172.
- NBER working paper series no. w14172
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest. These facts constitute a challenge for existing theories.
- Notes:
- Print version record
- July 2008.
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