Portfolio performance across genders and generations : the role of financial innovation
Davydov, Denis; Florestedt, Otto; Peltomäki, Jarkko; Schön, Marcus (2017-03-01)
Davydov, Denis
Florestedt, Otto
Peltomäki, Jarkko
Schön, Marcus
Elsevier
01.03.2017
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202001131865
https://urn.fi/URN:NBN:fi-fe202001131865
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vertaisarvioitu
Tiivistelmä
Using a unique dataset on the trading transaction records of private investors from Sweden, we explore the role of gender and age in the use of Exchange Traded Products (ETPs), considered to be innovative investment products, with respect to implications for portfolio performance. We show evidence that investors perform better when trading and investing in mutual funds, but younger investors may be relatively more skillful users of ETPs. We also find that older men and women trade more actively, although they also show a better investment performance, and we emphasize that age and gender are very different demographic determinants of investor behavior and performance.
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