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On the comparative performance of socially responsible and islamic mutual funds
(Elsevier, 2013-07)
This is the first study to provide comprehensive analyses of the relative performance of both socially responsible investment (SRI) and Islamic mutual funds. The analysis proceeds in two stages. In the first, the performance ...
Determinants of pension plan fees in Spain
(Taylor & Francis, 2009)
Pension plans and funds represent a substantial part of the welfare systems in both Europe and Spain. One of the most important factors in the choice of a plan or fund is the performance it obtains. In view of the influence ...
Looking for sustainable development: Socially responsible mutual funds and the low‐carbon economy
(John Wiley and Sons, 2020)
Sustainable investment responds to demands for carbon and climate‐neutral societies. To address the urgency around climate change and provide investors with more qualified information, Morningstar has developed the Low ...
The demand for structured products: an experimental approach
(Wiley, 2014)
Guaranteed investment funds are showing an important growth in the mutual fund industry. We
analyze this type of fund’s demand using the experimental methodology. Different types of structured
guaranteed funds, with ...
On management risk and price in the mutual fund industry: style and performance distribution analysis
(Palgrave Macmillan, 2021-06-01)
This study shows how investing in mutual funds involves an additional risk, which we call management risk as a consequence of the uncertainty in the results of active management. To address this issue, we analyze a sample ...
Why is timing perverse?
(Taylor & Francis, 2015)
The existence of negative market timing, even for passive portfolios, poses a relevant puzzle when assessing portfolio management. In this paper, we develop a simple theoretical model so as to explain why such perverse ...
Mutual fund performance: dividends do matter
(Taylor & Francis, 2015)
This article studies the bias in mutual fund performance when a nondividend-reinvesting benchmark is used. Our empirical findings show how performance worsens when using a benchmark that includes reinvestment dividends. ...
Do investors in Spain react to news on sustainability and corporate social responsibility?
(Inderscience Enterprises, 2009)
We analyse whether sustainability and corporate social responsibility-related news affects returns of stocks traded on the Spanish stock market. We used event methodology and an approach consistent with the active management ...
Non-simultaneous market timing in mutual funds
(Asian Network for Scientific Information, 2009)
The objective and contribution of this study is to analyse market timing over non-simultaneous periods. This approach considers that decisions on portfolio risk could affect the fund return in subsequent periods and not ...
Influencia de la rentabilidad en el proceso de selección en los planes de pensiones en España: un análisis de sensibilidadThe influence of returns on the pension fund selection process in Spain: A sensibility analysis
(Asociación Española de Contabilidad y Administración de Empresas, 2008)
El objetivo del presente trabajo es doble: por un lado analizar los factores que inducen a
un inversor a seleccionar un plan de pensiones concreto y por otro determinar si dichos inversores poseen
habilidades de selección. ...