Buscar
Institutional investment management: An investor's perspective on the relation between turnover and performance
(Taylor & Francis, 2018-01)
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 ...
Mutual fund performance attribution and market timing using portfolio holdings
(Elsevier, 2018-09)
We propose a novel performance attribution model for equity fund portfolios. The model analyses investment decisions based on portfolio holdings and measures the value added from different sources of performance such as ...
The investor’s choice between active and index funds
(Universidad Camilo José Cela, 2018)
This study compares the performance of actively-managed mutual funds and index funds.
For a large sample of US domestic equity share-class funds, we analyze the relation between
portfolio turnover and fund risk-adjusted ...
Environmental conditions, fund characteristics, and Islamic orientation: An analysis of mutual fund performance for the MENA region
(Elsevier, 2016-12)
Islamic funds are increasingly seen as an alternative to conventional funds, in part due to the growing prominence of Islamic finance. In contrast to most previous literature, this paper focuses on the countries of the ...
Does active management add value? New evidence from a quantile regression approach
(Taylor & Francis, 2019-06)
While it has long been recognised that active management is an important issue in the
area of mutual fund performance, little consensus has been reached about the value managers’
abilities can add. This study examines ...
Investor behavior and the demand for conventional and socially responsible mutual funds
(Wiley, 2021-07-06)
This study analyzes the demand for conventional and socially responsible (SR) mutual funds using cash flow data from a large sample of U.S. equity funds. For both types of funds, previous results have a positive impact on ...
Ethical strategy focus and mutual fund management: Performance and persistence
(Elsevier, 2019-03)
The aim of this study is to analyze whether managers, practitioners and individual investors could obtain higher risk-adjusted returns by allocating their investments to funds that integrate specific levels of socially ...
Active Management and Mutual Fund Performance
(Universidad de Zaragoza. Facultad de Ciencias Económicas, 2018)
This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Active management is measured by time-varying parameters, ...
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 ...
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 ...