Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark ComparisonsThe 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 performance. They employ the standard ...
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 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 ...
Risk-Return analysisIn this paper, study has been made to analyse the performance of ten growth oriented equity diversified mutual fund schemes (MFS) viz., Franklin India High GrowN., Suresh, Sushma B SSocial Science Electronic Publishing
Sector-based Mutual Fund Performance Comparisons with Market, Fama and French, and Carhart Models, 1994-2005 来自 fma.org 喜欢 0 阅读量: 44 作者: LRD Brooks 摘要: A single-factor sector-based passive benchmarked portfolio model consistently dominates thesingle-index CRSP, Fama and French (1993...
Top Performing Equity Mutual Fund Top Banking & Financial Services Mutual Fund Top Consumption Mutual Fund Top Focused Mutual Fund Top Performing Debt Mutual Fund Top Performing Overnight Mutual Fund Top Performing Gilt Mutual Fund Top Performing Credit Risk Mutual Fund Top Performing Hybrid...
Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons The 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 performance. They employ the standard ...
Mutual Fund vs. ETF: An Overview Mutual funds and exchange-traded funds (ETFs) are popular ways for investors to diversify but they have some key differences. ETFs can be traded intra-day like stocks but mutual funds can only be purchased at the end of each trading day based on a ...
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...
Performance analysis The FOFs and the equity funds comparisons are based on two common risk-adjusted performance measures, which include Jensen's alpha (α) and the Sharpe ratio. These measures are estimated for each fund over the period 1996–2003. While the equity fund subset permits the matc...