mutual fundmomentum strategiesThe innovation in our paper is to look at the idiosyncratic risk of mutual fund in addition to the volatility of mutual fund returns. If idiosyncratic risk candoi:10.2139/ssrn.1340785Jia Hui LinMin-Hsien Chiang
Types of Risks Involved in Mutual Fund Investment? All investments carry some degree of risk. Though mutual fund is considered a diversified investment vehicle, it does not eliminate the risk completely. Still the risk involved in investing through the mutual fund will be much less than that when...
mutual fund共同基金—portfolio投资组合—risk风险—___认购unit16investors投资者issuing bonds发行债券princ
This paper examines the agency conflict between mutual fund investors and mutual fund companies. Investors would like the fund company to use its judgment to maximize risk-adjusted fund returns. A fund company, however, in its desire to maximize its value as a concern has an incentive to take...
Estimation Risk in Mutual Fund Ratings: The Case of Morningstar In this paper we examine estimation risk in the well-known Morningstar mutual fund star rating system. We show that due to using a system that rates funds ... MR Morey,HD Vinod - 《Ssrn Electronic Journal》 被引量: 5发表:...
Mutual funds are now the preferred way for individual investors and many institutions to participate in capital markets, and their popularity has increased demand for evaluations of fund performance. Many business publications now rank mutual funds according to their performance, and information services ...
False discoveries in mutual fund performance: Measuring luck in estimated alphas. Journal of Finance 65(1), 179-216. Benjamini, Y. and Y. Hochberg (1995). Controlling the false discovery rate: a practical and powerful approach to multiple testing. Journal of the Royal Statistical Society Series...
摘要: I examine the performance persistence in a total of 2,443 actively managed U.S. equity mutual funds over the period 1991-2010. After confirming the short-horizo关键词: mutual fund performance persistence idiosyncratic risk premium liquidity premium ...
These funds don't operate as a normal mutual fund. They make a profit when the market falls and incur a loss when the market does well. The risk factor in such funds is very high as they can make you huge loss or profit as per the market conditions. Asset Allocation Funds These funds...
Mutual fund investors should avoidactively managedfunds with high R-squared ratios, which are generally criticized by analysts as being "closet"index funds. In such cases, it makes little sense to pay higher fees for professional management when you can get the same or better results from an in...