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management fees and weaker expense ratio. In such conditions, conventional and Islamic fund managers have lower performance and …, and political risk affect the performance, risk-taking behavior and compensation fees of mutual funds. Overall, the … results show strongly that legal conditions, culture, and political risk have robust differential effects on fees, performance …
Persistent link: https://www.econbiz.de/10010760434
are. Using not only the net asset values of the funds as reported by the fund management companies, but the prices … the performance of GOEREFs when the most relevant prices are used – those that may be achieved directly, rather than using …
Persistent link: https://www.econbiz.de/10010883576
This paper examines the performance of Australian managed funds by adopting the false discovery rate (FDR). Comparing … information improves the performance of Australian managed funds, shifting the distribution of alphas to the right. This result is … performance persistence by controlling the FDR, we find that Australian managed funds do not exhibit performance persistence. …
Persistent link: https://www.econbiz.de/10010753130
improved their asset allocation performance. Second, the sensitivity between risk-taking and performance decreased for funds … that adopted OCIO. Third, it is found that OCIO adoption improves a fund's asset management execution (tactical …
Persistent link: https://www.econbiz.de/10014312032
We evaluate the performance of 51 mutual fund families based on a study of their diversified US managed mutual funds … over an 11 year period and explore the determinants of performance gross of published expenses. We find that mutual fund …
Persistent link: https://www.econbiz.de/10008549039
We present an analysis of the performance of the Spanish Stock Market over the last six years, examining the most … constraints as implied by the definition of the IBEX 35® index. We estimate the distribution of performance values of all feasible … portfolios according to different performance measures and evaluate the position of the IBEX 35® with respect to this feasible …
Persistent link: https://www.econbiz.de/10005736994
This paper aims to study the performance of Islamic finance regarding that of conventional finance over the last decade … higher performance and lower risk. Indeed, thanks to the ethical and moral aspect of Islamic finance, its products seem to be … financial downturns. In this paper, we address this question using different indicators and measures of performance that we have …
Persistent link: https://www.econbiz.de/10010764024
activity and performance of actively managed U.S. equity funds from 2000 to 2007 and document robust evidence that future … performance is positively related to past stock picking and negatively associated with past market timing. Finally, we find that … performance while market timing decreases performance. …
Persistent link: https://www.econbiz.de/10010572321
We provide evidence of a significant relation between diversification and performance in the hedge fund industry … performance and diversification across sectors and asset classes. We show that on a risk adjusted basis, hedge funds that … significant positive relation between performance and diversification across sectors. However, diversifying across asset classes …
Persistent link: https://www.econbiz.de/10010574250
We show that firm headquarters’ geographic proximity to political power centers (state capitals) is associated with higher abnormal returns. Consistent with the notion that this effect is rooted in social network links, we find it is more pronounced in communities with high levels of...
Persistent link: https://www.econbiz.de/10011077990