The disposition effect is lower in a trading environment with salient information on current
holdings. Using proprietary data from a European fintech platform for social trading, we …

The author examines the relationship between investor sentiment and mutual fund alpha.
The author finds that investor sentiment plays a significant role in the value and occurring …

Purpose The purpose of this study is to investigate whether the direct and indirect sentiment
measures are similar in explaining mutual fund performance. Design/methodology/approach …

Does fund management skill allow managers to identify mispriced securities more
accurately and thereby make better portfolio choices resulting in superior fund performance …

We show that institutional ownership in equity mutual funds predicts fund performance. Our
measure of institutional ownership in mutual funds is directly from institutions' quarterly 13 (f) …

Mutual funds in China that invest heavily in stocks with high sentiment beta deliver poorer
performance when standard risk factors and fund characteristics are controlled. However …

Market noises can lead to optimistic or pessimistic investor sentiments, which draw
additional attention from irrational investors. Hence, when additional investor attention is …

A hedging strategy is designed to increase the likelihood of desired financial outcomes.
Market speculators hedge investment positions if they are worth protecting against potential …

As the title of this chapter suggests, the following sections will introduce the concepts of
closed and open systems, first intuitively and then symbolically using the set-theoretical …

In this paper, we explore whether male and female fund managers react differently to
sentiment. Our main idea is that sentiment indicates mispricing of stocks relative to their …