-especially volatility and illiquidity shocks-over the subprime crisis in order to investigate their market timing activities. In a …

I examine the market, volatility and joint timing performance of US equity funds (locals) versus UK equity funds … specialised in timing and thus better interpret the macroeconomic factors than local fund managers. Using parametric estimates, I … find evidence that UK funds have a statistically better timing ability than US funds. I use a nonparametric model to show …

OBJECTIVES This research aimed to verify the performance of the Volatility Timing (VT) and Reward to Risk Timing (RRT … weights to less volatile assets, such as minimum variance, and volatility timing and reward to risk timing with η=4, would …