Tag Archives: mutual

Mutual Fund Liquidity Management, Stock Liquidity, and Corporate Disclosure

By | June 24, 2021
0 Comment

“Lessons from COVID-19: Liquidity Risk Management is Central to Open-Ended Funds.” —BlackRock (2020) “Liquidity risk management programs (LRMPs) will be a focus area for the Division.” —SEC (2021) Mutual fund liquidity management has become increasingly important since the financial crisis of 2007–2009, during which regulators and practitioners raised concerns about whether mutual fund portfolios had… Read More »

What Is the Impact of Mutual Funds’ ESG Preferences on Portfolio Firms?

By | May 27, 2021
0 Comment

Institutional ownership has increased tremendously over the past few decades. This shift in ownership has led to major concerns as to whether institutional investors have the incentives or the tools to be active shareholders. Assessing how effective institutional investors are in their stewardship activities has therefore become critical. However, such an assessment has proven difficult,… Read More »