<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2008000401043</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Convergencia estratégica en la industria española de fondos de inversión]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ferruz]]></surname>
<given-names><![CDATA[Luis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sarto]]></surname>
<given-names><![CDATA[José Luis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vicente]]></surname>
<given-names><![CDATA[Luis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Zaragoza Facultad de CCEE y Empresariales ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2008</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2008</year>
</pub-date>
<volume>75</volume>
<numero>300</numero>
<fpage>1043</fpage>
<lpage>1060</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2008000401043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2008000401043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2008000401043&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Por medio de la medida de Lakonishok et al (1992), el artículo aporta evidencia empírica de la convergencia en la asignación estratégica de activos realizada por los fondos españoles de renta variable nacional desde julio de 1997 a junio de 2002. Dicho fenómeno es detectado con mayor intensidad al considerar variaciones estratégicas de más relevancia. El estudio también pone de manifiesto una convergencia estratégica intertemporal realmente fuerte entre los fondos gestionados por las entidades financieras españolas más grandes, lo que demuestra que el tamaño de la sociedad gestora es un mecanismo significativo a la hora de explicar dicho fenómeno.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: By using Lakonishok et al (1992) measure, this work provides empirical evidence of herding behaviour in strategic assets allocated by Spanish funds investing in domestic equities from July 1997 to June 2002. This phenomenon is found with more significance when considering more important strategic variations. This study also finds evidence of significant intertemporal herding in those funds managed by the largest Spanish fund management companies, proving that the size of the management company is a significant mechanism of this phenomenon.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[fondos de inversión]]></kwd>
<kwd lng="es"><![CDATA[estilos estratégicos]]></kwd>
<kwd lng="es"><![CDATA[convergencia]]></kwd>
<kwd lng="es"><![CDATA[medida de Lakonishok]]></kwd>
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