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The Behavioral Aspects of Mutual Funds and the Lessons Learned from the Financial Crisis
Umeå University, Faculty of Social Sciences, Umeå School of Business.
2011 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The fund industry has grown tremendously over the last decades and the function for mutual funds and their managers have gained importance. Sweden is today the greatest fund saving country in the world however the function of the mutual funds and their managers is still rather unexplored. Mutual fund managers were blamed for the recent financial crisis and their irrational behavior was highlighted. This indicated how weak the classic financial theories are when trying to explain the function of human behavior and the irrationality in the market.  Behavioral aspects for fund managers are greater than previously thought and there is a need to incorporate this better in the financial theories. The financial crisis together with the possibility of earning excess return over a long time period has indicated that the markets are not efficient. The confidence for mutual fund managers from the public is low because of the last financial crisis. There is a need for more regulation, better-suited payment schemes, greater transparency and products that everyone can understand in order to raise the confidence back to the previous level.

Place, publisher, year, edition, pages
2011. , 110 p.
Keyword [en]
Behavioral finance, mutual funds, financial crisis
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-51066OAI: oai:DiVA.org:umu-51066DiVA: diva2:474803
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2012-01-11 Created: 2012-01-10 Last updated: 2012-01-11Bibliographically approved

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fulltext(966 kB)961 downloads
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Åhlén, Tommy
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf