Investment strategies of institutional investors: evidence from Dutch flow-of-funds data

被引：1
|
作者：
de Haan, Leo [1 ]
Kakes, Jan [1 ]
机构：
[1] De Nederlandsche Bank, Amsterdam, Netherlands
来源：
APPLIED ECONOMICS LETTERS | 2012年 / 19卷 / 02期
关键词：
asset allocation; investment strategy; insurance companies; pension funds; flow-of-funds;
D O I：
10.1080/13504851.2011.570701
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article investigates investment strategies of Dutch pension funds, life insurers and nonlife insurers, using quarterly flow-of-funds data. The results suggest that all three investor types buy past losers and sell past winners, although they only partially rebalance their portfolios that way.
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页码：155 / 159
页数：5
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