Research Conducted by Eller Finance Professor Featured in MarketWatch
May 5, 2021
The piece mentions why people should worry about the flood of new cash into U.S. stock funds. It explains that typically the U.S. has performed better in the past, when there has been a net outflow of cash.
Brown’s research—published last December in the Review of Finance—shows that on average, exchange-traded funds (ETFs) with the biggest outflows surpassed ETFs with the biggest inflows for up to a year after the extreme flows took place.
Brown joined the Eller College of Management in 2014 after earning his PhD in Business Administration (Finance) from the University of Colorado Boulder. His areas of research include institutional investors, asset management, price feedback and price informativeness, early-stage financing and IPOs, taxes and retirement planning. Prior to joining academia, he worked in high-frequency algorithmic trading and private student lending where he was involved in several fundraising efforts, ranging from $300,000 to $75 million.