{"title":"Ownership and Diversification, An Empirical Study Based on Mutual Fund Enterprise","authors":"Yuan Lin, Zhi-xin Liu","doi":"10.1109/DBTA.2010.5659103","DOIUrl":null,"url":null,"abstract":"Although asset growth has little effect on the behavior of the typical fund, funds should alter investment behavior as assets under management increase. We find that large funds diversify their portfolios in response to growth. Greater diversification, especially for large funds, is associated with better performance.","PeriodicalId":320509,"journal":{"name":"2010 2nd International Workshop on Database Technology and Applications","volume":"4 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2010-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2010 2nd International Workshop on Database Technology and Applications","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/DBTA.2010.5659103","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Although asset growth has little effect on the behavior of the typical fund, funds should alter investment behavior as assets under management increase. We find that large funds diversify their portfolios in response to growth. Greater diversification, especially for large funds, is associated with better performance.