Portfolio performance across genders and generations: The role of financial innovation

Denis Davydov, Otto Florestedt, Jarkko Peltomäki, Marcus Schön

Research output: Contribution to journalArticleScientificpeer-review

4 Citations (Scopus)

Abstract

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.
Original languageEnglish
Peer-reviewed scientific journalInternational Review of Financial Analysis
Volume50
Pages (from-to)44-51
ISSN1057-5219
DOIs
Publication statusPublished - 03.2017
MoE publication typeA1 Journal article - refereed

Keywords

  • 511 Economics
  • Financial innovation
  • Exchange traded products
  • Age
  • Gender

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