kaal:claim:2715083-009

Unconstrained mutual funds differ from traditional fixed income mutual funds not only in trading strategy, using futures, short sales, and derivatives, but also in turnover and fee structure, which more closely resemble those of hedge funds.

Source quote, verbatim

the author found not only significant growth in these funds by launches, but also provided evidence pertaining to the extent to which unconstrained mutual funds differ in trading strategy from traditional mutual funds – unconstrained mutual funds use futures, short sales, and derivatives.

From

Kaal, Confluence of Mutual and Private Funds (2016), II. Proliferation of Private- and Retail Alternative Funds, p. 6
https://ssrn.com/abstract=2715083 · source PDF

Cite as

Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

Holds when

fixed income unconstrained mutual funds studied in Kaal and Anderson (2016)

Classification

empiricalsupport: evidencedempirical-evidence

Related claims

supported_by kaal:claim:2811729-023 Average unconstrained mutual fund portfolio turnover exceeds the turnover of other fixed income mutual funds b...
restated_by kaal:claim:2811729-002 Unconstrained mutual funds share multiple investment strategy and risk attributes with fixed income hedge fund...
supported_by kaal:claim:2811729-022 Unconstrained mutual funds exceed typical mutual fund trading engagements in almost all quantifiable categorie...
supported_by kaal:claim:2811729-025 Unconstrained mutual funds engaged in almost 50 percent more futures contract transactions than other mutual f...
extended_by kaal:claim:2811729-028 Existing evidence about risk-shifting by the average derivative-using mutual fund is less relevant to unconstr...

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