‘Smart’ copycat mutual funds: on the performance of partial imitation strategies
Abstract Using a novel measure of stock-level trade imitation, we uncover ‘smart’ copycats: fund managers that use their own information when beneficial, and otherwise imitate other managers’ better trades. Contrary to previous research, we find that these partial imitation strategies lead to outper...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2022-10-01
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| Series: | Financial Innovation |
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| Online Access: | https://doi.org/10.1186/s40854-022-00398-7 |