My Life International Wealth Management

This digital document is a journal article from Journal of International Money and Finance, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: In this paper we examine the use of derivatives by mutual funds in Canada. First, both the incidence and extent of derivatives usage are low. Second, larger, growth-oriented, domestic equity funds are more likely to use derivatives. We then compare returns and risks between derivative users and non-users with the following findings: (1) There exist no differences between users and non-users for foreign equity funds; (2) For fixed-income funds, users have higher returns and risks than non-users; (3) For domestic equity funds, users have lower returns but higher risks than non-users; however, the differentials disappear if warrants are excluded from the definition of derivatives.

author: L.D. Johnson W.W. Yu asin: B000RQY9YU binding: Digital list price: $8.95 USD amazon price: $8.95 USD