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auf die Performance sowie die Zuflüsse von Aktienfonds hat. Basierend auf der Literatur zu allgemeinen … von Männern über die Zeit weniger stabil sind als die von Frauen. Unter Verwendung von Daten zu US-Aktienfonds für den … die von Frauen. Aus Anlegersicht ist dies problematisch, da sie bei von Männern verwalteten Fonds nicht aus dem in der …
Persistent link: https://www.econbiz.de/10005854098
aktiv verwaltete Fonds nicht mehr (sondern tendenziell weniger) als durch eine passive Anlage in die Benchmark verdienen …. Selbst eine Investition in die Fonds mit den in der Vergangenheit höchsten Renditen verspricht für die Zukunft kein positives … Alpha (Carhart (1997)). In dieser Studie zeigen wir, dass sich durch eine Anlage in aktiv verwaltete Fonds dennoch Geld …
Persistent link: https://www.econbiz.de/10005854137
If a manager stays in office for a long time he will have learned much about his subordinates. Thus competition among them will be weak as the manager has made up his mind who is suited best for which position. With a new manager the "race" for favorable tasks is restarted leading subordinates...
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We provide a first look at the performance of Chinese open-end mutual funds from 2001 to 2008 using data from a high quality mutual fund database provided by the GTA Information Technology Co., Ltd. From daily return data, we find that some Chinese open-end mutual funds can provide statistically...
Persistent link: https://www.econbiz.de/10013120577
The aggregate portfolio of Chinese actively managed stock mutual funds exhibits a large and significantly positive alpha. Results from bootstrap simulations indicate that most Chinese active stock mutual fund managers have skill. A substantial amount of their outperformance can be attributed to...
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We compare different fund performance measures to examine which performance measures can generate risk-adjusted returns between high ranked and low ranked China's actively managed open-end equity mutual funds. Our results show that only the 6-factor (Fama and French (2015) five factors plus a...
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