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Decoding Economics | Stock picking is alive and well

An NBER paper says changes in portfolio weights explain the largest share of price changes at the individual stock level for all countries, with non-index or active funds being the main driver

July 31, 2024 / 09:43 IST
The paper says that for most currencies, both own and foreign currency investors’ flows are positively correlated with the equity price growth rates and are statistically significant
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