Kiymaz, Halil - In: International Journal of Emerging Markets 10 (2015) 4, pp. 820-836
Sharpe ratio, Information ratio, Treynor ratio, M -squared and Jensen’s α . The data comprises 1,037 funds. These funds are … ), and fund types as independent variables. Findings – The findings show that Chinese funds generate positive α s for their …. The average Jensen’s α is the highest in aggressive allocation funds. QDII funds do not provide significant positive α s …