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On the recent developments of mutual funds with fixed‐income holdings: a systematic review

On the recent developments of mutual funds with fixed‐income holdings: a systematic review Bond funds and money market funds hold a sizable portion of fixed‐income securities and have experienced considerable growth over the recent decades. Moreover, the global financial crisis (GFC) was a turning point in identifying the hidden risks associated with these mutual funds. Nevertheless, and despite their significance, these funds are dwarfed by numerous studies on equity mutual funds. This paper conducts a systematic review and explores the primary research streams and emerging themes during the GFC and post‐GFC. Four main genealogies are identified: performance persistency and active management, green funds, ’funds’ flow and flow‐performance, and money market funds and financial crisis. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

On the recent developments of mutual funds with fixed‐income holdings: a systematic review

Accounting & Finance , Volume Early View – Oct 18, 2021

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Publisher
Wiley
Copyright
Accounting and Finance © 2021 Accounting and Finance Association of Australia and New Zealand
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/acfi.12866
Publisher site
See Article on Publisher Site

Abstract

Bond funds and money market funds hold a sizable portion of fixed‐income securities and have experienced considerable growth over the recent decades. Moreover, the global financial crisis (GFC) was a turning point in identifying the hidden risks associated with these mutual funds. Nevertheless, and despite their significance, these funds are dwarfed by numerous studies on equity mutual funds. This paper conducts a systematic review and explores the primary research streams and emerging themes during the GFC and post‐GFC. Four main genealogies are identified: performance persistency and active management, green funds, ’funds’ flow and flow‐performance, and money market funds and financial crisis.

Journal

Accounting & FinanceWiley

Published: Oct 18, 2021

Keywords: Bond funds; Money market funds; Global financial crisis; Systematic review

References