... assets against them, comparing them to gold, the traditional safe-haven asset. Design/methodology/approach The research spans two sub-periods (2019–2021 with stable interest rates and 2022–2024 with rising rates) and uses quantile regression to capture the distribution of returns across market...

... (CSSD) and cross-sectional absolute deviation (CSAD) models. Additionally, we use the quantile regression approach. Findings We find that the behavior of mutual funds does not change following the different political and social events. For the whole period, we find evidence of herding behavior using...