Ferruz Agudo, Luis; Vargas Magallón, María - In: El Trimestre Económico LXXIV (3) (2007) 295, pp. 663-683
This work evaluates the performance of a wide group of Spanish mutual funds, both in global terms and breaking up it in its two components –market timing and stock-picking abilities-. Both analyses are carried out by means of traditional measures as well as measures that consider time-varying...