performanceregime‐switchingWe use a Bayesian regime switching approach to examine the performance enhancement of adding US international bond funds to a domestic bond universe pre and post the Global Financial Crisis (GFC) during January 1999 and May 2022. We find that the international bond funds ...
The Performance of Corporate Bond Mutual Funds: Evidence Based on Security-Level Holdings, Journal of Financial and Quantitative Analysis 47, 159-178.Cici, G.; Gibson, S. 2012. The performance of corporate bond mutual funds: evidence based on security-level holdings, Journal of Financial and ...
I study the risk and return characteristics of international bond mutual funds during 1988-1995. These actively managed funds do not demonstrate superior performance, net of expenses, against a wide range of benchmarks and I show that fund expenses are negatively related to performance. I find th...
Find a professionally managed mutual fund. U.S. News has ranked more than 4,500 mutual funds. Rankings that combine expert analyst opinions and fund-level data.
The handful of studies which have evaluated the performance of bond mutual funds appears to be largely confined to the US, where research concludes that active funds do not outperform passive benchmarks (Blake, Elton & Graber 1993; Elton, Graber & Blake 1995). Cornell and Green (1991) ...
For example, if you want a highly diversified fund that closely follows stock market performance, an S&P 500 index fund might be appealing. It's also possible to invest in certain small businesses by using an index fund based on the Russell 2000 index. There are also bond index funds that...
A low percentage of mutual funds still charge load fees (about 8% of them), and investors might also face redemption fees if they withdraw early.5 Management style: Most ETFs are passively managed, tracking a specific index to mirror its performance. However, mutual funds are more commonly ...
Great Portland Estates has issued a ￡150m convertible bond with the lowest-ever coupon for a sterling-denominated bond in any sector. The central London i... D Hatcher - 《Property Week》 被引量: 0发表: 2013年 The Performance of Global Bond Mutual Funds examines management effects in high...
ETFs have lesscash dragthan index mutual funds. A cash drag is a type ofperformance dragthat occurs when cash is held to pay for the daily net redemptions that happen in mutual funds. Cash has very low (or even negative) real returns due to inflation, so ETFs—with their in-kind redem...
We study how actively managed equity mutual funds select the liquidity level of their equity portfolio and the effects of this selection on performance. We provide evidence of five key determinants of portfolio liquidity: portfolio size, portfolio concentration, the manager's trading frequency, investme...