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...
What is the explanation for persistence in mutual fund performance? 如何解释共同基金业绩的持续性 Can common factors in stock returns and mutual fund expenses explain the predictability of mutual find returns?股票回报和共同基金支出的共同因素能否解释共同基金回报的可预测性? Literature Review Data Descriptio...
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… Strong evidence that some fund managers ...
doi:10.1007/s12197-013-9257-zGaryn-TalSharonSpringer USJournal of Economics & FinanceGaryn-Tal, S. (2015). Mutual fund fees and performance: new insights. Journal of Economics and Finance, 39 (3), 454-477.
The increased wealth invested in mutual funds and recent scandals at many fund firms have led to increased scrutiny of mutual fund governance. We examine measures of the strength of mutual fund governance and the relation of these measures to fund performance. We utilize the Morningstar Stewardship...
Localized competition in the French mutual fund market: Participation costs and performance Linh tran dieu1 The localized competition observed in French mutual fund market leads to important participation costs for investors. This reduces the intensity of perform... May ) 被引量: 0发表: 0年 A STU...
Top Mutual Fund Categories 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 ...
bond. Investors earn returns based on the fund's performance minus any fees or expenses charged. Mutual funds are often the investment of choice for middle America, providing a broad swath of middle-income workers with professionally managed portfolios of equities, bonds, and other asset classes....
Portfolio manager ownership and mutual fund performance This paper examines the association between a mutual fund manager's personal fund investment and mutual fund performance. From a data set of newly released... Evans,AL - 《Finan Manage》 被引量: 68发表: 2008年 Real Estate Mutual Funds: Ab...
We show that the commonly observed correlation between institutional investor ownership and the success of mergers is partly driven by active stock picking. Several mutual fund stock selection skill measures strongly predict the post-merger performance of corporate acquirers even after controlling for possi...