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|z 9781484335567
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Patnaik, Ila.
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|a The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market /
|c Ila Patnaik, Ajay Shah.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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|a 1 online resource (38 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper revisits the question, with a focus on decomposing portfolio performance into asset allocation and security selection. We document signicant differences in exposure to systematic asset pricing factors between foreign and domestic investors. A quasi-experimental strategy is introduced, for comparing security selection after controlling for diferences in asset allocation. Our results show that foreign investors in India do remarkably poorly at security selection.
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|a Mode of access: Internet
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|a Shah, Ajay.
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|a IMF Working Papers; Working Paper ;
|v No. 2013/090
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2013/090/001.2013.issue-090-en.xml
|z IMF e-Library
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