MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 8, 2013 Is There Such a Thing as Fund Manager Homesickness? You might want to ask your mutual fund PM where she or he is from, and not just out of politeness. A study cited by Bloomberg says that that kind of information may matter in how the PM runs the fund. For example, the paper, The Home(-sickness) Bias of Foreign Holdings, finds that among U.S.-based fund PMs, a Brazilian-born manager who speaks fluent Portuguese and is familiar with the country's business culture had better results when investing in Brazilian companies than a German-born manager, according to Bloomberg. Is this obvious? Is this useful? Who knows. To learn more, check out the article in Bloomberg. Printed from: MFWire.com/story.asp?s=42936 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |