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...
This paper uses a large sample containing the complete return histories of 2300UK openended mutual funds over a 23-year period to measure fund performance. We find some evidence of underperformance on a risk-adjusted basis by the average fund manager, persistenceof performance and the existence of...
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 ...
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...
本文主要讲了如何根据当时的一些前沿研究理论对共同基金的表现进行分析。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])…
Mutual Fund Performance: Measurement and Evidence1 The paper provides a critical review of empirical findings on the performance of mutual funds, mainly for the US and UK. Ex-post, there are around 0-5% of ... K Cuthbertson,D Nitzsche,N O'Sullivan - 《Financial Markets Institutions & ...
Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style... We use a new database to perform a comprehensive analysis of the mutual fund industry. We find that funds hold stocks that outperform the market by 1.3 per... Wermers,Russ - 《Journal of Finance》 被引量...
Sahara Mutual Fund:撒哈拉的共同基金 热度: On persistence in mutual fund performance 热度: On Persistence in Mutual Fund Performance 热度: MutualFundPerformance: AnEmpiricalDecompositioninto Stock-PickingTalent,Style,TransactionsCosts,andExpenses RussWermers ...
A China ETF is an exchange-traded fund that invests in a portfolio of China-based stocks or bonds, providing exposure to a basket of Chinese companies. more Tracking Error: Definition, Factors That Affect It, and Example Tracking error tells the difference between the performance of a stock ...
SEE MORE FMFVX PERFORMANCE Fees Fees are Below Average compared to funds in the same category. Mutual Financial Services Fund has an expense ratio of 0.95 percent. Net Expense Ratio 0.95 Category Average: 1.44%* Management 0.88 Category Average: 0.8%* SEE MORE FMFVX FEES Updated 10/31/23 Ri...