Managerial experience matters for growth-oriented funds, but not for their income-oriented counterparts. Further, managerial stockpicking talents persist. Finally, managerial replacement improves fund performance.; In Essay Three, I examine how tax overhang embedded in a fund portfolio affects mutual ...
9. How is the correlation statistic related to diversification? Can a diversified portfolio be created with two assets with a correlation coefficient of +1? 10. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corpo...
The Romney Portfolio Again, buying the stock market during the Obama presidency was one of the best market bets in years; after hitting lows of around 6,000 in March 2009, the Dow Jones Industrial Average has soared more than 100% to above 13,000 today. And yet, most small investors (a...
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term bond fund, and the third A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a...
A portfolio of index mutual funds, meanwhile, would be very similar to an all-ETF portfolio with two main exceptions: ETFs trade differently than index mutual funds, and for certain niche asset classes you can find ETFs but very few or no index mutual funds. ...
One way to manage this risk is by investing in so-called bear market mutual funds, which are funds that short a basket of stocks or an entire stock index. These funds can post rising returns as the broader market falls. Because the current bear market isn't over, and stocks are incredib...
picks quick picks & lists emerging markets stock screener stocks by quant top stocks top quant dividend stocks high dividend yield stocks top dividend stocks etfs & funds etf screener etf analysis etf guide mutual funds closed end funds editors' picks dividends dividend stock news reits dividend ...
摘要: The standard deviation and skewness of returns of mutual fund portfolios is examined as the number of funds in the portfolio increases. Diversifying across mutual funds substantially reduces portfolio dispersion but also causes an undesirable increase in negative return skewness....
Currency ETFs can be used to mitigate a portfolio's exposure to the performance of a currency exchange rate. Forward contracts provide a rate lock so that the international funds can be converted back into the home currency at a later date. ...
Index funds have been known to be good investment vehicles simply because they have provided diversification at lower expenses than mutual funds. Risk is a fundamental thing in-stock selection choice because it brings out the aggressiveness in a growth stock. It is also volatile as compared to de...