Factor investing has never been as popular as it is today. However, with the propagation of this type of investment approach, the equity space is becoming increasingly saturated with more and more…
We study tradeoffs among active mutual funds' characteristics. In both our equilibrium model and the data, funds with larger size, lower expense ratio, and higher turnover hold more-liquid portfolios…
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Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge. A tontine is a financial arrangement in which members…
