Fund Sizemutual fundsIránFund PerformanceMutual Fund is one of the most important mechanisms for indirect investment in financial markets, which provides better conditions in terms of risk and return, especially for amateur investors. This research examined the effect of fund size on the performance ...
The performance of mutual funds in the period 1945-1964:(共同基金的表现在1945 - 1964年期间).pdf,The Performance Of Mutual Funds In The Period 1945-1964 Michael C. Jensen Harvard Business School MJensen@ ABSTRACT In this paper I derive a risk-adjusted
Mutual fund is a trust that pools the savings of various individuals by issuing units to them and then invests it in various securities such as shares, debentures and bonds as per the stated objectives of the scheme. Further, this investment avenue offers several benefits to the investors as ...
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...
In this digital and information age, it has become relatively easy to keep track of investment and portfolio performance. While financial experts like mutual fund distributors or investment advisors are irreplaceable partners in your financial journey, it is best for investors to have a little knowled...
This study aims at evaluating the performance of mutual fund managers in one of the fastest growing financial markets in emerging Europe. We use well-known... P Rzezniczak,L Swinkels - 《Social Science Electronic Publishing》 被引量: 65发表: 2008年 Performance Evaluation of Mutual Funds in Pa...
This study examines the performance of mutual funds managed by firms that simultaneously manage hedge funds. We find that the reported returns of mutual funds in these "side-by-side" associations with hedge funds significantly underperformed those of mutual funds that shared similar fund and family ...
Mutual Fund Performance During Up and Down Market Conditions.Evaluating the performance of mutual fund managers is a topic of considerable interest to practitioners and academics alike. Based on previous research and our recent study, mutual fund managers do not appear to possess any special ...
Prior research has found persistence in mutual in fund performance over short term horizons.短期内共同基金的业绩具有持续性 - Hendricks, Patel,and Zeckhauser (1993) - Goetzmann and Ibbotson(1994) - Brown and Goetzmann(1995) - Wermers(1996) The persistence of Mutual fund performance is well docume...
In addition, we investigate whether Polish fund managers exhibit "hot hands", persistence in performance. Finally the influence of fund characteristics on risk-adjusted performance is considered. Our overall results suggest that Polish mutual funds on average are not able to add value, as indicated ...