Developing countries are trying to develop long-term financial markets and institutional investors are expected to play a key role. This paper uses unique evidence on the universe of institutional investors from the leading case of Chile to study to what extent mutual funds, pension funds, and insurance companies hold and bid for long-term instruments, and which factors affect their choices. The paper uses monthly asset-level portfolios to show that...
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INFORMATION
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2014/06/01
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Document de travail de recherche sur les politiques
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WPS6922
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1
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1
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2014/06/01
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Disclosed
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Institutional investors and long-term investment : evidence from Chile
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mutual fund
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