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I decompose net flows into purchase and redemption rates for a sample of equity funds. I find a strong relation between purchase rates and redemption rates indicating a significant clientele of rapid fund traders. I also find that investors punish poor performance with higher redemptions. Over my sample period, index funds display lower redemption rates than do actively managed funds. I find that load fund investors base fund-trading decisions on previous performance to a greater extent than do no-load fund investors. This result suggests that investment advisors and brokers play a significant role in increased mutual fund trading activity.
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I. INTRODUCTION
I am both delighted and honored to be able to participate in this celebration of Dale Whitman's forty years as an outstanding teache...
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The right of a mortgagor, that is, a borrower who obtains a loan secured by a pledge of his or her real property, to prevent fore...
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plaintiff granted right to purchase defendants property based on terms of a real estate purchase option agreement; equity of redemption did not operate to bar exercise of option agreement; option contract was clear and fair
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TO: OCCUPATION/TENANT/RESIDENT; DEPARTMENT OF TREASURY-INTERNAL REVENUE SERVICE; GEORGIA DEPARTMENT OF LABOR; KING LOUIE INTERNATIONAL, INC.; GEORGIA DEPARTMENT OF REVENUE; EDWIN N. SCOTT; ARCO ELECTRIC CO., INC.; AND ALL PARTIES HAVING ANY RECORD RIGHT, TITLE, OR INTEREST IN THE PROPERTY.
TAKE NOTICE THAT: This is a Notice Pursuant to O.C.G.A. 48-4-46, To foreclose the Equity of Redemption for Tax Sale Deed.
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TO: OCCUPATION/TENANT/RESIDENT; DEPARTMENT OF TREASURY-INTERNAL REVENUE SERVICE; GEORGIA DEPARTMENT OF LABOR; KING LOUIE INTERNATIONAL, INC.; GEORGIA DEPARTMENT OF REVENUE; EDWIN N. SCOTT; ARCO ELECTRIC CO., INC.; AND ALL PARTIES HAVING ANY RECORD RIGHT, TITLE, OR INTEREST IN THE PROPERTY.
TAKE NOTICE THAT: This is a Notice Pursuant to O.C.G.A. 48-4-46, To foreclose the Equity of Redemption for Tax Sale Deed.
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TO: OCCUPATION/TENANT/RESIDENT; DEPARTMENT OF TREASURY-INTERNAL REVENUE SERVICE; GEORGIA DEPARTMENT OF LABOR; KING LOUIE INTERNATIONAL, INC.; GEORGIA DEPARTMENT OF REVENUE; EDWIN N. SCOTT; ARCO ELECTRIC CO., INC.; AND ALL PARTIES HAVING ANY RECORD RIGHT, TITLE, OR INTEREST IN THE PROPERTY.
TAKE NOTICE THAT: This is a Notice Pursuant to O.C.G.A. 48-4-46, To foreclose the Equity of Redemption for Tax Sale Deed.