Gertjan Verdickt
Column

The prospectus that is too honest

In an upcoming publication in the Review of Financial Studies, researchers Jinfei Sheng (University of California, Irvine), Nan Xu (Nankai University), and Lu Zheng (University of California, Irvine) introduce INF: a new measure designed to extract useful, relevant information from the risk disclosures that funds include in their prospectuses.

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