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The Performance of Actively and Passively Managed Swiss Equity Funds
Ammann, Manuel; Steiner, Michael - In: Swiss Journal of Economics and Statistics 145 (2009) 1, pp. 1-36
Using a Switzerland-specific Carhart (1997) model, we study the risk-adjusted performance of actively and passively … managed mutual funds investing in Swiss stocks from 1989 to 2007. We also compare the performance of actively managed funds to …. While active institutional funds can almost keep up with the performance of passive funds, active retail funds cannot and …
Persistent link: https://www.econbiz.de/10011933190
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The explanatory power of expenses in the performance of eurozone mutual funds
Correia-Domingues, Renato; Duran-Santomil, Pablo; … - In: European Journal of Government and Economics (EJGE) 11 (2022) 1, pp. 31-50
predict future performance. We used regressions in panel data with a sample of equity mutual funds of the eurozone area from … 2003 to 2014. We concluded that expenses are an important determinant of performance in the eurozone and we show evidence …
Persistent link: https://www.econbiz.de/10014551748
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Effect of mutual funds characteristics on their performance and trading strategy: A dynamic panel approach
Kaur, Inderjit - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-17
Investors search for criteria that are systematically related to performance of mutual funds so as to maximize their … personal return. The present study is on effect of selected fund characteristics on performance of the mutual funds. The data …'s performance, flow to funds, and cash ratio explained the fund performance measured with conditional Carhart alpha. Thus, earlier …
Persistent link: https://www.econbiz.de/10012657441
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Fraternal twins—Should investors be careful?
Rohleder, Martin; Tentesch, Hendrik; Weh, Rene; … - In: Review of Financial Economics 41 (2022) 1, pp. 23-42
twins” show significantly lower joint performance than “identical twins.” This finding is consistent with fraternal twins …
Persistent link: https://www.econbiz.de/10014504241
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Investment style of Jordanian mutual funds
Hacini, Ishaq; Dahou, Khadra; Benbouziane, Mohamed - In: International Journal of Economic Sciences and Applied … 5 (2012) 2, pp. 113-127
The study investigates the mutual funds investment style in the Jordanian context. It uses monthly returns of five mutual funds from July 2000 to December 2009. To do so, it employs the 4-factors model with explanatory variables the market portfolio return, a small minus large capitalization...
Persistent link: https://www.econbiz.de/10010289385
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Rationale Marktübertreibungen im Zusammenhang der aktuellen Finanzmarktkrise
Klug, Thorsten; Locarek-Junge, Hermann; Mihm, Max - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 25-39
Bikhchandani und Sharma (2000), haben gezeigt, dass Herdenverhalten eine wichtige Rolle bei der Erklärung von Preisübertreibungen …
Persistent link: https://www.econbiz.de/10010377869
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Investor education and trading activity on the stock market
Liivamagi, Kristjan - In: Baltic Journal of Economics 16 (2016) 2, pp. 114-131
actively. Analysing investors' risk-adjusted performance reveals that trading experience in the form of trading activity is the …
Persistent link: https://www.econbiz.de/10011868507
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Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior
Witte, Björn-Christopher - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-24, pp. 1-29
This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences. As a practical example, the professional competition between fund managers is considered. To explore how different settings of competition parameters, the exclusion rate and...
Persistent link: https://www.econbiz.de/10010309602
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The misinformation effect in financial markets: An emerging issue in behavioural fianance
Polak, Mateusz - In: e-Finanse: Financial Internet Quarterly 8 (2012) 3, pp. 55-61
The following paper is a theoretical introduction of the misinformation effect to behavioural finance. The misinformation effect causes a memory report regarding an event or particular knowledge to become contaminated with misleading information from another source. The paper aims to describe...
Persistent link: https://www.econbiz.de/10011551375
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Inflationsschutz von Immobilien: Direktanlagen und Aktien im Vergleich
Demary, Markus; Voigtländer, Michael - In: IW-Trends - Vierteljahresschrift zur empirischen … 36 (2009) 1, pp. 37-50
Immobilienaktien können Anleger nicht vor der allgemeinen Geldentwertung schützen. Ebenso wie andere Aktien bieten sie keinen effektiven Schutz vor Inflation. Stattdessen zeigen Regressionsanalysen negative Korrelationen an. Ein steigendes Preisniveau wirkt sich somit negativ auf die Renditen...
Persistent link: https://www.econbiz.de/10011633232