Home Bias at the Fund Level

Abstract

This paper presents new stylized facts on the distribution of the home bias at the fund level.We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest.These facts constitute a challenge for existing theories.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 138 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.