Prof. Anusha Chari of the University of North Carolina on shocks and capital flows in emerging markets
Scientific Sense ®
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Active vs Passive - Is There a Heterogeneity?
"We really thought that investor heterogenyleve would play an important role, right? For the passive funds, we thought they would just be allocating according to the weights in the index," he says. "But when we actually looked at the portfolio allocations of the two types of funds, we saw that the active funds are actually, you know, allocating pretty much almost identically to the a to the passive funds."
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