Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes
In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans reac...
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| Veröffentlicht in: | The American economic review 2015-05, Vol.105 (5), p.432-436 |
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| creator | Sialm, Clemens Starks, Laura Zhang, Hanjiang |
| description | In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans react more sensitively to these conditions, suggesting effects on mutual fund managers and other investors. |
| doi_str_mv | 10.1257/aer.p20151006 |
| format | Article |
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We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. 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DECISIONS</subject><subject>Scandals</subject><subject>Shareholders</subject><subject>Stockholders</subject><subject>Studies</subject><issn>0002-8282</issn><issn>1944-7981</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNpd0D1PwzAQBmALgUQpjIxIkVhYUu78ETtsVaCAVAQDzJHjOJAqdYqdDPx73BZ1YDrd6dHd6SXkEmGGVMhbbf1sQwEFAmRHZII556nMFR6TCQDQVFFFT8lZCCvY9ign5OneNq2zdVL0bvBtNQ5t75I368KudtqFu-RlHEbdJYvR1ck8BDsk867rjd7Z4ku7TxvOyUmju2Av_uqUfCwe3oundPn6-FzMl6nhlA2pMiiAszqrgNaQW5ojsyrLJcXMcFRMCrQir1DFea6Z4YwJqDIpmsYaydmU3Oz3bnz_PdowlOs2GNvFT20_hhIzxUABgoj0-h9d9aN38buoZDzJOMio0r0yvg_B26bc-Hat_U-JUG5zLWOu5SHX6K_2fhWG3h8wZ4piTin7BS5Ack4</recordid><startdate>20150501</startdate><enddate>20150501</enddate><creator>Sialm, 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Contribution Pension Plans: Mutual Fund Asset Allocation Changes</title><author>Sialm, Clemens ; Starks, Laura ; Zhang, Hanjiang</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c423t-8c15043d6b02d09e2913e8697216c4183751e59b1813e9a3c43350b675ffec743</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Asset allocation</topic><topic>Assets</topic><topic>Bond funds</topic><topic>Defined contribution plans</topic><topic>Economic conditions</topic><topic>Economic statistics</topic><topic>Economic theory</topic><topic>Economic uncertainty</topic><topic>Equity</topic><topic>Equity funds</topic><topic>Financial investments</topic><topic>Fixed income</topic><topic>Growth rate</topic><topic>Income funds</topic><topic>Investment plans</topic><topic>Investment trusts</topic><topic>Investors</topic><topic>Macroeconomics</topic><topic>Managers</topic><topic>Money market mutual 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| ispartof | The American economic review, 2015-05, Vol.105 (5), p.432-436 |
| issn | 0002-8282 1944-7981 |
| language | eng |
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| source | EBSCOhost Business Source Complete; JSTOR; American Economic Association Web |
| subjects | Asset allocation Assets Bond funds Defined contribution plans Economic conditions Economic statistics Economic theory Economic uncertainty Equity Equity funds Financial investments Fixed income Growth rate Income funds Investment plans Investment trusts Investors Macroeconomics Managers Money market mutual funds Money markets Mutual funds Pension plans RETIREMENT SAVINGS AND HOUSEHOLD DECISIONS Scandals Shareholders Stockholders Studies |
| title | Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes |
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