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Outsourcing of mutual funds' non-core competencies and the impact on operational outcomes : evidence from funds' shareholder services
Sorhage, Christoph - 2014 - This Draft: July 2014
core competency, i.e. portfolio management, by outsourcing noncore activities to external providers. Specifically, I find … that cater for investors' service needs internally. Consistent with service outsourcing releasing tied resources that can … basis points. This underperformance increases up to 102 basis points when outsourcing funds are compared with a group of …
Persistent link: https://www.econbiz.de/10010373156
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Outsourcing of mutual funds' non-core competencies
Sorhage, Christoph - 2014 - This Draft: September 2014
core competency, i.e. portfolio management, by outsourcing noncore activities to external providers. Specifically, I find … that cater for investors' service needs internally. Consistent with service outsourcing releasing tied resources that can …
Persistent link: https://www.econbiz.de/10010410564
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Swedish equity mutual funds 1993-2013 : performance, persistence and presence of skill
Flam, Harry; Vestman, Roine - 2017
Actively managed Swedish equity mutual funds outperform the market in 1993-2001 but have negative gross and net excess returns of -0.18 and -1.47 per cent per year in 2002-2013. Across funds, there is no correlation between activism and return in the later period. Returns show little or no...
Persistent link: https://www.econbiz.de/10011743140
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"Smart" copycat mutual funds : on the performance of partial imitation strategies
Stein, Roberto - In: Financial innovation : FIN 8 (2022), pp. 1-31
Using a novel measure of stock-level trade imitation, we uncover "smart" copycats: fund managers that use their own information when beneficial, and otherwise imitate other managers' better trades. Contrary to previous research, we find that these partial imitation strategies lead to...
Persistent link: https://www.econbiz.de/10013413116
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Outsourcing of mutual funds' non-core competencies
Sorhage, Christoph - 2015
Fund families strategically shape their member funds' behavior to target specific groups of investors with varying performance and service needs. In this paper I introduce a new measure to identify performance-oriented and service-oriented funds. Matching theories from the industrial...
Persistent link: https://www.econbiz.de/10011310181
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Outsourcing of mutual funds' non-core competencies
Sorhage, Christoph - Institut für Finanzmarktforschung, Wirtschafts- und … - 2014
core competency, i.e. portfolio management, by outsourcing noncore activities to external providers. Specifically, I find … that cater for investors' service needs internally. Consistent with service outsourcing releasing tied resources that can …
Persistent link: https://www.econbiz.de/10010957227
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The Performance of Diverse Teams : Evidence from U.S. Mutual Funds
Evans, Richard B. - 2020
We examine team diversity and performance using the asset management industry as a laboratory. Employing political affiliation as a proxy, we find ideologically diverse teams perform better than homogeneous teams. The mechanism involves both improved decision-making due to more diverse...
Persistent link: https://www.econbiz.de/10012845857
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Measuring alpha in the fund management industry : do female managers perform better?
Babalos, Vassilios; Caporale, Guglielmo Maria; … - 2013
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently with previous studies, no significant differences in...
Persistent link: https://www.econbiz.de/10009752997
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The performance of US-based emerging market mutual funds
Kiymaz, Halil; Simsek, Koray D. - In: Journal of capital markets studies 1 (2017) 1, pp. 58-73
Purpose - The purpose of this paper is to examine the performance of US mutual funds that invest primarily in emerging market equities and bonds. Design/methodology/approach - The study adopts the Morningstar classification of mutual funds and uses the Lipper US Mutual Fund Database through...
Persistent link: https://www.econbiz.de/10012063525
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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
We studied the relationship between the mutual fund's expenses and their profitability, as well as their ability to 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...
Persistent link: https://www.econbiz.de/10013277459