Political constraints and trading strategy in times of market stress: evidence from the Chinese national social security fund

Li, Yong, Benson, Karen and Faff, Robert (2016) Political constraints and trading strategy in times of market stress: evidence from the Chinese national social security fund. Finance Research Letters, 19 217-221. doi:10.1016/j.frl.2016.08.002


Author Li, Yong
Benson, Karen
Faff, Robert
Title Political constraints and trading strategy in times of market stress: evidence from the Chinese national social security fund
Journal name Finance Research Letters   Check publisher's open access policy
ISSN 1544-6123
1544-6131
Publication date 2016-08-06
Sub-type Article (original research)
DOI 10.1016/j.frl.2016.08.002
Open Access Status Not yet assessed
Volume 19
Start page 217
End page 221
Total pages 5
Place of publication Maryland Heights, MO, United States
Publisher Academic Press
Language eng
Abstract We analyze the trading behavior of the Chinese National Social Security Fund (CNSSF) – a fund that operates in a highly political environment. With a particular focus on the financial crisis [2007(Q3)-2009(Q1)], we show that the CNSSF adopts a rebalancing strategy that achieves a balance between portfolio liquidity and growth.
Keyword Social security fund
Trading strategy
State-sponsored investors
Investment constraints
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes Article in Press. Published online 6 August 2016

Document type: Journal Article
Sub-type: Article (original research)
Collections: HERDC Pre-Audit
UQ Business School Publications
 
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Created: Tue, 13 Sep 2016, 01:47:39 EST by Karen Morgan on behalf of UQ Business School