The aim of this paper is to provide an evaluation of the performance of Canadian Hedge Funds and Mutual Funds. My main findings are; (1) the alphas of Hedge fund are much higher than those of comparable mutual funds. (2) Both Hedge funds as well as Mutual Funds have outperformed bench...
Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisonsdoi:10.1111/j.1540-6261.1987.tb02566.xThe authors' main goal in this paper is to ascertain whether conventional measures of abnormal mutual fund performance are sensitive to the benchmark chosen to measure normal...
mutual fundperformance evaluationTOPSISThe purpose of our study is to evaluate the performance of mutual funds. Treynor Ratio, Sharpe Ratio, Information Ratio and Jensens Alpha are four commonly used indices for evaluating the competing mutual funds. However, it is not clear which measure is the ...
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exceptinconnectionwiththeadvertisementofthebank'sgeneralfiduciaryservices.Abankmayincludesomeinformationonthepastperformanceofthefund(e.g.,descriptionofvalue,incomeanddisbursements)initsannualreport,whichthebankmaydistributetoanypersonuponrequestandprospectivecustomers.Mutualfundsmustfilearegistrationstatementunderthe1933...
Which is the best: A comparison of asset pricing factor models in Chinese mutual fund industryAsset pricingMutual fundChinaFactor modelNon-nested model comparisonFactor models are commonly used in estimating risk-adjusted fund performance. We compare the commonly used factor models in empirical asset ...
mutual funds from 1980 to 2006, we test hypotheses designed to disentangle risk and change as outcomes of behavioral performance feedback routines. We theorize that managers make decisions involving risk and decisions involving change under different conditions and motivated by different concerns. Our ...
Vanguard versus Fidelity: Multidimensional Comparison of the Index Funds and ETFs of the Two Largest Mutual Fund FamiliesVanguardFidelityComparisonThis paper compares Vanguard and Fidelity on 21 comparable funds in five aspects: performance, tax-efficiency, cost, diversification, benchmark and tracking pre...
We employ StarMine to investigate the impact of analyst recommendations on stock performance. We test whether star-ranked analysts generate abnormal returns and outperform non-stars in short and long portfolios. Utilizing buy-and-hold calendar-time portf
The performance of a professionally-managed portfolio or fund can be evaluated in two ways: The first is the index benchmark. Every mutual fund or professionally-managed portfolio is created with the goal of exceeding the performance of an index that best reflects its choice of stocks. A mutual...