Research shows that fund managers who lean one way politically are more likely to invest in companies that think the same way. And that could diminish investor returns.
, associate professor of finance at the University of Kansas School of Business, found.
The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies. In comparing the data, the researchers found that fund managers who leaned Republican were more highly allocated toward companies that veered the same way — about 8% higher in the average share of total net assets — compared to Democratic-leaning fund managers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
California synagogue shooting casts harsh light on mutual-fund darling CloudflareThe gunmen accused of attacking U.S. synagogues and New Zealand mosques over the...
Lire la suite »
Michigan city may criminalize racially biased 911 callsMichigan city considering an ordinance that would make it a 'criminal misdemeanor to racially profile people of color for participating in their lives,' according to local lawmakers.
Lire la suite »
Costs for California's high-speed rail project may increase by $1.8 billionThe cost of building a 119-mile section of California's high-speed rail in the Central Valley is projected to increase by $1.8 billion, taking the total to $12.4 billion, according to a draft report reviewed by the Times. Progress on the project has slowed, as costs have risen.
Lire la suite »
Analysis | More signs that Trump may not get a significant political boost from the economyAnalysis: More signs that Trump may not get a significant political boost from the economy
Lire la suite »
Tesla says may seek new funding; shares up after SEC agreementTesla Inc said on Monday it could seek alternative sources of financing, days af...
Lire la suite »
Pentagon to end language funding for universities that host Chinese Communist Party–funded Confucius Institutes'It is not in the national interest' to grant funding to 13 universities that have Confucius Institutes, the Defense Department said.
Lire la suite »
Warren Buffett bought $114.75 in stock at age 11—here's how much it would be worth now if he'd bought a low-cost index fundWarren Buffett bought $114.75 worth of stock at age 11 – here's how much he says it'd be worth now. via CNBCMakeIt
Lire la suite »
101 Photos Of Marvel Actors Having The Most Fun With Each OtherNo spoilers here! Just a *happy* stroll down memory lane, in honor of Avengers: Endgame.
Lire la suite »