Home bias at the fund level
By: Harald Hau, Helene Rey.
Contributors: Rey, Hélène.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14172; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14172.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This paper presents new stylized facts on the distribution of the home bias at the fund level.  We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest.  These facts constitute a challenge for existing theories"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/23/2008.

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