01853cas a2200277 a 4500 AALejournalIMF022708 230101c9999 xx r poo 0 0eng d 20.00 USD 9781513555560 1018-5941 BD-DhAAL BD-DhAAL Brandao Marques, Luis. Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets / Luis Brandao Marques, R. Gelos, Hibiki Ichiue, Hiroko Oura. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds. Flows from retail, open-end, and offshore funds are more volatile. Global funds are more stable in their EM investments than "dedicated" EM funds. Differences in the stability of flows from ultimate investors play a key role in explaining these patterns. The changing mix of global investors over the past 15 year has probably made portfolio flows to EMs more sensitive to global financial conditions. Mode of access: Internet Gelos, R. Ichiue, Hibiki. Oura, Hiroko. IMF Working Papers; Working Paper ; No. 2015/277 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2015&issue=277 IMF e-Library