We estimate and compare the performance of Portuguese-based mutual funds that invest in the domestic market and in the European market using unconditional and conditional models of performance evaluation. Besides applying both partial and full conditional models, we use European information variables, ...
Two-thirds of mutual fund shareholders indicated that fund performance was a "very " important factor influencing their views of theKey FindingsInvestment Company Institute (2012). Ownership of mutual funds, shareholder sentiment, and use ... K Findings 被引量: 2发表: 2013年 Evaluation and compar...
The enormous growth in the number of mutual funds and the volume of investment in them worldwide has led to an increasing demand for techniques to evaluate their performance. In the present study an attempt has been made to assess the performance of mutual fund managers on the basis of ...
We find that returns on S&P stocks, returns on non-S&P stocks, and returns on bonds are significant factors in performance assessment. Once we correct for the impact of non-S&P assets on mutual fund returns, we find that mutual funds do not earn returns that justify their information ...
Drew, M., J. Stanford and M. Veeraraghavan (2002a), `Efficiency with Costly Information: A Study of Australian Equity Wholesale Superannuation Fund Performance', Economic Analysis and Policy 32(1):35-47.IPPOLITO, R. A. (1989): «Efficiency with Costly Information: A Study of Mutual Fund...
摘要: Investors seeking exposure to global equity markets commonly buy international mutual funds managed by locally based fund managers. How competitive is this form关键词: International mutual funds information diffusion performance DOI: 10.2139/ssrn.1115276 ...
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Comparing the non-financial performance of mutual funds conditional on their conventional/socially responsible (SR) classification, we empirically show that there is no significant relationship between mutual funds’ ESG ratings and non-financial information communicated by fund managers. Moreover, ...
This paper argues that community information sharing, which is one of the direct means of project screening and value-added services, will have an important impact on investment performance. In addition, the information shared by the community is also the micro-foundation of the construction of ...
whereas low information ratios indicate the opposite. Many investors use the information ratio when selectingexchange-traded funds (ETFs)ormutual fundsbased on their preferred risk profiles. While past performance doesn’t guarantee future returns, the IR helps assess if a portfolio consistently beats ...