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How Are Derivatives Used? Evidence from the Mutual Fund Industry

✍ Scribed by Jennifer Lynch Koski; Jeffrey Pontiff


Book ID
108502852
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
455 KB
Volume
54
Category
Article
ISSN
0022-1082

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Derivatives do affect mutual fund return
✍ Charles Cao; Eric Ghysels; Frank Hatheway πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 153 KB πŸ‘ 1 views

Using a unique data set of detailed balance sheet information on mutual funds, we find that most mutual funds using derivatives do so to a very limited extent that has little discernable impact on returns. However, there exist two types of funds that make more extensive use of derivatives, global fu