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Institutional investment management: An investor's perspective on the relation between turnover and performance
dc.contributor.author | de Mingo-López, Diego Víctor | |
dc.contributor.author | Matallín Sáez, Juan Carlos | |
dc.date.accessioned | 2018-11-05T08:21:12Z | |
dc.date.available | 2018-11-05T08:21:12Z | |
dc.date.issued | 2018-01 | |
dc.identifier.citation | DE MINGO-LÓPEZ, Diego Víctor; MATALLÍN-SÁEZ, Juan Carlos. Institutional investment management: An investor’s perspective on the relation between turnover and performance. Investment Analysts Journal, 2018, 1-14. | ca_CA |
dc.identifier.uri | http://hdl.handle.net/10234/177187 | |
dc.description.abstract | The main aim of this study is to analyse the relationship between turnover and performance in institutional investment management. For a sample of US equity mutual funds during the period January 1999–December 2014, we show that high-turnover funds do not beat low-turnover funds, since their performances are no different, or even significantly lower. Moreover, we show that investing in past high-turnover mutual funds provides investors with significantly worse results than investing in previously low-turnover funds. Investors aiming to enhance their risk-adjusted returns should therefore consider the turnover ratio level in their fund investment decisions. | ca_CA |
dc.format.extent | 15 p. | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Taylor & Francis | ca_CA |
dc.rights | Copyright © 2018 Taylor & Francis | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | mutual fund | ca_CA |
dc.subject | performance | ca_CA |
dc.subject | turnover | ca_CA |
dc.subject | investor | ca_CA |
dc.title | Institutional investment management: An investor's perspective on the relation between turnover and performance | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | https://doi.org/10.1080/10293523.2017.1414370 | |
dc.relation.projectID | Ministerio de Economía y Competitividad [ECO2014-55221-P] ; Universitat Jaume I [PREDOC-2014-04] | ca_CA |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca_CA |
dc.relation.publisherVersion | https://www.tandfonline.com/doi/abs/10.1080/10293523.2017.1414370 | ca_CA |
dc.type.version | info:eu-repo/semantics/acceptedVersion | ca_CA |
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