mutual fund performance阅读笔记 Mutual Fund Performance: A Reading Note In this reading, the author discusses the performance of mutual funds and their importance in investment portfolios. Here are the key points: 1. Mutual funds are investment vehicles that pool money from multiple investors to ...
Lee, 1999, Mutual fund performance: Does fund size matter?, Financial Analysts Journal 55, 74--87.Indro, Daniel C., Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee, 1999, Mutual fund performance: does fund size matter?, Financial Analysts Journal 55, 74-87....
Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors This paper conducts a comprehensive analysis of the relation between the performance and governance structure of open-end, domestic-equity mutual funds dur... B Ding,R Wermers,RH Smith,... - ...
fundmutualperformance绩效benchmarksreturns Mutualfundperformanceand seeminglyunrelatedassets ? · Lubo·sP¶astor a,¤ ,RobertF.Stambaugh b,c a GraduateSchoolofBusiness,UniversityofChicago,Chicago,IL60637,USA b TheWhartonSchool,UniversityofPennsylvania,Philadelphia,PA19104,USA c TheNationalBureauofEconomicRe...
Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors This paper conducts a comprehensive analysis of the relation between the performance and governance structure of open-end, domestic-equity mutual funds dur... B Ding,R Wermers,RH Smith,... - ...
We examine whether the previously documented positive association between fund family size and fund performance is affected by significant regulatory changes (i.e., Regulation Fair Disclosure (Reg FD), the Global Settlement (GS), and increased scrutiny as a result of trading scandals) that have occ...
主要的分析工具有:(1)投资组合分析理论(由Markowitz均值方差理论衍生,见[1][2][3]),(2)股票市场定价理论(随机游走理论,见[4]),(3)CAPM理论(见[5])。大体分析框架如下:根据投资组合分析理论,共同基金的选择共需分三步,首先把对个股表现的预测转化为对投资组合(即基金本身)表现的预测,其次在海量的投资组合...
Mutual Fund Performance and Manager Style. J.L. Davis, FAJ, Jan/Feb 01 Various studies examined the evidence of persistence in mutual fund performance. General consensus is that a few fund managers do tend to consistently appear near the top of the return rankings. Mutual Fund Performance and...
In recent years,the frequent turnover of fund managers has drawn broad public attention.Based on previous studies,the present study highlights the impact of manager turnover frequency on fund performance measured by risk-adjusted performance(Sharpe ratio),stock picking ability and timing ability.The ...
Using a sample free of survivor bias, I demonstrate that common factors in stock returns and investment expenses almost completely explain persistence in e... MARK,M.,CARHART - 《Journal of Finance》 被引量: 2.0万发表: 1997年 Short-Term Persistence in Mutual Fund Performance We estimate paramet...