The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers
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A mutual-fund manager is more likely to hold (or buy, or sell) a particular stock in any quarter if other managers in the same city are holding (or buying, or selling) that same stock. This pattern shows up even when controlling for the distance between the fund manager and the stock in question, so
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美国国家经济研究局创建时间：
2003-05-01
