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Mutual Fund Herding and Return Comovement in Chinese Equities

Caglayan, Mustafa Onur - 2020

implemented in China which allowed all shares to be traded freely among all market participants. Lastly, we show that the revealed …

Persistent link: https://www.econbiz.de/10012824192

The Geography of Information Acquisition

Chen, Honghui - 2019

Using detailed data about company visits by Chinese mutual funds, we provide direct evidence of mutual fund information acquisition activities and the consequent informational advantages mutual funds establish in local firms. Mutual funds are more likely to visit local and nearby firms, though...

Persistent link: https://www.econbiz.de/10012872327

Private Information in the Chinese Stock Market : Evidence from Mutual Funds and Corporate Insiders

Chi, Yeguang - 2017

I find evidence of valuable private information in the Chinese stock market. First, Chinese actively managed stock mutual funds outperform passive benchmarks including market, size, value, and momentum factors. Most funds appear to have skill, and much of that skill consists of stock-picking...

Persistent link: https://www.econbiz.de/10012968533

The Predictability of Managerial Heterogeneities in Mutual Funds

Huang, Jun - 2016

We empirically assess the role of managerial heterogeneities in mutual fund performance. Using a sample of Chinese mutual funds with relatively high managerial turnover rates, we follow the method in Abowd, Kramarz and Margolis (1999) to explicitly estimate the time-invariant heterogeneities...

Persistent link: https://www.econbiz.de/10013006251

Culture vs. Bias : Can Social Trust Mitigate the Disposition Effect?

LI, Jennifer (Jie) - 2020

in a large mutual fund family in China, we find compelling evidence 1) of a significant disposition effect among fund …

Persistent link: https://www.econbiz.de/10012854997

Do Mutual Funds Have Information Advantage? Evidence from Seasoned Equity Offerings in China

Xiang, Erwei - 2014

investigates the role played by mutual funds around SEO announcements in China. To the extent that shareholdings already held by …

Persistent link: https://www.econbiz.de/10013054991

Do Socially Responsible Investment Funds Under-Perform the Market? Evidence from China

Zhang, Ting - 2014

Jensen's alpha to examine whether the Socially Responsible Investment (SRI) funds in China underperform the broad market … benchmark index in China. Totally four SRI funds in China were found and observed in the paper. Jensen's alpha is used to …-diversified SRI funds in China have statistically significant positive alphas and outperform the broad market index (CSI300 Index) in …

Persistent link: https://www.econbiz.de/10013045365

The Presence of Style Drift in Active Mutual Funds : Evidence from China

Chua, Angeline Kim Pei - 2018

fund management industry in China. It provides a fine-grained analysis of China's open-end equity funds based on our fund … evidence of style drift in China. The behaviour is found regardless of fund age. We also examine whether style drift is …

Persistent link: https://www.econbiz.de/10012920681

Informed Trading by Mutual Funds after Private Placement : Evidence from China

Lin, Jing - 2018

funds that participate in PIPEs in China. The results show that the changes in shareholdings are positively related to alpha …

Persistent link: https://www.econbiz.de/10012927882

A Reliable Performance Measure to Differentiate China's Actively Managed Open-End Equity Mutual Funds

Kutan, Ali M. - 2018

between high ranked and low ranked China's actively managed open-end equity mutual funds. Our results show that only the 6 …

Persistent link: https://www.econbiz.de/10012928299