What’s the difference between a mutual fund and an ETF? Are Christian mutual funds legit? This article provides general guidelines about investing topics. Your situation may be unique. To discuss a plan for your situation, connect with a SmartVestorPro. Ramsey Solutions is a paid, non-client...
Measuring investor sentiment with mutual fund flows We investigate a proxy for monthly shifts between bond funds and equity funds in the USA: aggregate net exchanges of equity funds. This measure (which is n... A Ben-Rephael,S Kandel,A Wohl - 《Journal of Financial Economics》 被引量: 355...
Costly search and mutual fund flows:(昂贵的搜索和共同基金流动).pdf,THE JOURNAL OF FINANCE • VOL. LIII, NO. 5 • OCTOBER 1998 Costly Search and Mutual Fund Flows ERIK R. SIRRI and PETER TUFANO* ABSTRACT This paper studies the flows of funds into a
摘要: The article explains the two types of fees that mutual funds have namely sales load which generally fall into three categories such as front end load, back-end load and level load, and expense ratio which is the percentage of the fund's net assets. 年份: 2014 收藏...
Many investors focus on total returns when comparing one fund against another. While it's good to know how much your money can grow, the size of the fund can also impact your total returns. Each fund incurs operating costs that factor into the expense ratio. This ratio reflects the annual...
Mutual Funds are a pooled collection of investments in stocks, bonds, and other financial instruments that are overseen by a team of fund managers and research analysts. What is the Definition of a Mutual Fund? For retail and institutional investors, mutual funds are a cost-efficient option to...
Adjusting for the mutual fund investment objective is helpful, but it still does not result in the discovery of a significant number of successful funds. A detailed analysis reveals a very low power of the study. Even if outperformers are present in the sample, they might not be recognized ...
In this paper, we revisit the question of predicting actively-managed mutual fund performance. While predictability has been difficult to establish thus far, using modern neural network techniques we find strong evidence of abnormal return predictability. An important advantage of non-linear neural netwo...
This paper investigates the mutual fund performance alpha while explicitly controlling for luck 先前的研究并没有明确地认识到运气在表现结果中的作用并建立模型 本文在明确控制运气因素的情况下,研究了共同基金的业绩alpha Research Questions Regarding mutual fundalphasthat are substantially different from normality…...
fund advertising, marketing by financial intermediaries, funds’ anticipation of investor reaction, or selective reporting of performance measures. Additional analysis suggests that factsheets do not help improve retail investors’ investment allocation decisions; if anything, I find some evidence consistent ...