It's time to moderate the herd instinct
Series: Estates Gazette ; (0141) 13 October 2001, 46(1)Publication details: 2001Subject(s): Summary: Analysis of the activities of fund managers in the context of the US stock market which finally slowed its growth levels after captalisation had reached 181% of gross domestic product. This is compared with a 60-year moving average of around 50%. Argues that fund managers sometimes aid the market overshoot by moving in the same way and time as their competitors to minimise their own business risks. Indicators that fund managers including those in the UK should have increased their allocation to property which may have provided better returns than equities. Believes there is no perfect remedy for the 'herd instinct' of some fund managers, but it would be useful if certain conflicts of interest could be solved such as when certain professional managers put their own interests before their obligation to beneficiaries.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64666 (Browse shelf(Opens below)) | 1 | Available | 115185-1001 |
Analysis of the activities of fund managers in the context of the US stock market which finally slowed its growth levels after captalisation had reached 181% of gross domestic product. This is compared with a 60-year moving average of around 50%. Argues that fund managers sometimes aid the market overshoot by moving in the same way and time as their competitors to minimise their own business risks. Indicators that fund managers including those in the UK should have increased their allocation to property which may have provided better returns than equities. Believes there is no perfect remedy for the 'herd instinct' of some fund managers, but it would be useful if certain conflicts of interest could be solved such as when certain professional managers put their own interests before their obligation to beneficiaries.