Mutual Fund Crowding: Evidence from Canadian Stock Market

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Lof, Matthijs
dc.contributor.author Saarialho, Eero
dc.date.accessioned 2018-03-28T12:42:41Z
dc.date.available 2018-03-28T12:42:41Z
dc.date.issued 2017
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/30402
dc.description.abstract This study provides evidence of mutual fund crowding and its inverse impact on subsequent stock returns in the Canadian stock market. Consistent with Zhong et al. (2017), an equal weighted strategy that is long the least crowded stocks and short the most crowded stocks yield a statistically significant monthly Carhart four-factor alpha of 0.93%. The findings are consistent with existing research and robust to time-varying expected stock returns. Adding to the prior literature, this study provides evidence that mutual fund crowding is not a phenomenon that exists only in the U.S. stock market. en
dc.format.extent 30
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Mutual Fund Crowding: Evidence from Canadian Stock Market en
dc.type G1 Kandidaatintyö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Rahoituksen laitos fi
dc.subject.keyword mutual en
dc.subject.keyword fund en
dc.subject.keyword crowding en
dc.subject.keyword Canada en
dc.subject.keyword stock en
dc.subject.keyword market en
dc.identifier.urn URN:NBN:fi:aalto-201803281869
dc.type.ontasot Bachelor's thesis en
dc.type.ontasot Kandidaatintyö fi
dc.programme Rahoitus fi


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