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bigger herds of funds selling. Our most important finding is that mutual fund herding impacts stock prices to a much larger … patterns are even stronger when herds of mutual funds (especially funds with poor performance records) follow analyst … recommendation revisions. An investment strategy that accounts for the direction of both analyst revisions and mutual fund herding …
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The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising (or falling) prices of stocks and continuously overbought (or oversold) signals emitted by technical indicators. We employ the standard event study approach and...
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This chapter evaluates the returns of the domestic equity funds of three major American companies: Vanguard, Fidelity, and Dimensional Fund Advisors relative to benchmarks using the Fama-French factors from January 2001 through December 2018. We also present Sharpe's (1992) style analysis...
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