Crowding in Mutual Funds
Mutual funds investing in the same stocks underperform by 1.4% annually compared to passive benchmark funds, due to high demand for liquidity and the related discount for owning liquid stocks.
Featured in No. 48 on 8 May 2024 ·
- Released
- 7 Apr 2023
- First featured
- No. 48 · 8 May 2024
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- Not yet, as far as Semantic Scholar knows
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- Identifier
- SSRN 4818193
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