Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets /

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...

Full description

Bibliographic Details
Main Author: Brandao Marques, Luis
Other Authors: Gelos, R., Ichiue, Hibiki, Oura, Hiroko
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/277
Online Access:Full text available on IMF