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 ...
Best ELSS Mutual Fund Best Banking & Financial Services Mutual Fund Best Consumption Mutual Fund Best Infrastructure Mutual Fund Best Hybrid Mutual Fund Best Debt Mutual Fund Best Overnight Mutual Fund Best Gilt Mutual Fund Best Credit Risk Mutual Fund ...
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
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 ...
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...
We find that the assumption of independence of performance evaluation measures results in significant bias, such as over-estimating the number of outperforming mutual funds. Adjusting for the mutual fund investment objective is helpful, but it still does not result in the discovery of a significant ...
VINIX is a large blend mutual fund that has a low 0.035% expense ratio. With 503 equity holdings, the passively managed fund aims to mirror the S&P 500's performance. While many funds use the S&P 500 as a benchmark, VINIX requires a minimum investment of $5 million, hence the "institut...
In addition, we include only one shareclass from each mutual fund if more than Results Most of the extant literature on mutual fund performance has focused on equity funds. A priori, we know that the explanatory power of the standard four-factor model is very high. Thus, we would expect ...
Fund size (net assets under management) affects mutual fund performance. Mutual funds must attain a minimum fund size in order to achieve sufficient returns to justify their costs of acquiring and trading on information. Furthermore, there are diminishing marginal returns to information acquisition and...