The time-varying effects of geopolitical risk on mutual fund risk taking.

Based on a time-varying parameter vector autoregression model with stochastic volatility (TVP-VAR-SV), this paper investigates the dynamic effects of geopolitical risk on mutual fund risk taking in China across three-time horizons and at three selected time points. Overall, the impulse responses are time-varying and we find a negative effect of geopolitical risk on mutual fund risk taking until 2015, with the short-term effect being the most pronounced, suggesting that when professional investors such as mutual fund managers are faced with the stock valuation uncertainty due to a geopolitical shock, they choose to reduce market risk exposures. After 2015, the short-term effect begins to diminish and gradually turns positive, which could be explained by the fact that with the increasing abundance and diversification of investment instruments, fund managers have more effective investment tools and more sophisticated trading strategies to hedge against geopolitical risk, rather than reducing market risk exposure.

A novel hierarchical stiff carbon foam with graphene-like nanosheet surface as the desired adsorbent for malachite green removal from wastewater.

A novel hierarchical stiff carbon foam (HSCF) was successfully prepared via a carbothermal reduction between the carbon foam with two-level pore structure and the AlO from aluminum sulfate, and used as a bulk adsorbent for removing malachite green (MG) dye. The structures of the HSCF were characterized using SEM, XRD, FTIR, BET, and XPS, and the effects of adsorption condition on the MG removal were studied through batch adsorption experiments. Results show that large-sized and complex-shaped HSCF can be easily fabricated with a high compression strength of 1.