期刊名称：Journal of Poverty, Investment and Development
印刷版ISSN：2422-8397
出版年度：2017
卷号：34
页码：34-48
语种：English
出版社：Journal of Poverty, Investment and Development
其他摘要：The growth of mutual fund industry has shown a remarkable increase since past few years. The current study reviews the performance and role of mutual funds at both micro and macro level. The study sheds light on the mutual funds and their association with market variables and macro economy. The study discusses the great work of literature in context of fund-return, fund-volatility, funds-variables-economy and predictive ability of mutual fund flows. The study further proposes to examine these relationship in context of developing and emerging markets using PVAR and GMM models. The findings of this study will benefit investors, policy makers and academicians. Key words: Mutual fund flows, Market returns, Macro economy.
