Swing Pricing and Fragility in Open-end Mutual Funds /

How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' net asset values to pass on funds' trading costs to transacting shareholders....

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Hlavní autor: Jin, Dunhong
Další autoři: Kacperczyk, Marcin, Kahraman, Bige, Suntheim, Felix
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2019.
Edice:IMF Working Papers; Working Paper ; No. 2019/227
On-line přístup:Full text available on IMF