Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 19 of 19 for “"mutual fund performance"”.
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UK mutual fund performance
… set on (surviving and non-surviving) UK equity mutual funds (April 1975 - December 2002), this study uses a bootstrap methodology to distinguish between `skill' and `luck' in fund performance. This methodology allows for non-normality in the idiosyncratic risks of the funds -a major issue when …
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Two Essays Relating to Mutual Fund Performance
… papers, we examine different aspects of mutual fund performance and other issues. In the first chapter, we look at exchange-traded funds (ETFs) and how they differ from index funds in performance and tracking error. Using daily data and a more comprehensive sample than past research, we …
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A Critical Analysis of Mutual Fund Performance
Made available in DSpace on 2014-12-11T23:19:40Z (GMT). No. of bitstreams: 1 7105210.pdf: 3376908 bytes, checksum: 10811f99087ba1e06de49df542603b06 (MD5) Previous issue date: 1970
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Familial support in the mutual fund performance competition
Numerous papers have presented evidence of mutual fund families engaging in self-interested behaviour, regardless of or contrary to the interests of its investors. Such findings have provoked industry backlash. Given the significance of the mutual fund industry in managing wealth (approx. US$31 …
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An examination of the factors influencing mutual fund performance
This study looks at some factors influencing mutual fund performance. Fund management location, family status and asset allocation and timing ability are examined. Using monthly returns on 4545 funds from Morningstar from January 1970 to June 2010, the study examines whether location influences the …
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Mutual fund performance in emerging markets: the case of Thailand
The rate of growth of investment in mutual funds has increased dramatically over the past decade. Many studies have developed models for performance evaluation and have examined whether fund managers provide value added for investors. Most of these studies, however, have focused on the developed …
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Survivorship bias in mutual fund performance : evidence in Canadian mutual funds
… the influence of the survivorship bias on performance persistence in Canadian mutual funds. Our sample covers the period of January 1986 till December 1999. Spreads of the survivorship bias on mutual fund returns are gauged by comparing the difference between the sample of surviving funds …
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Selling Winners, Holding Losers: Effect on Mutual Fund Performance and Flows
… and hold losers, exists among U.S. equity mutual funds and how the disposition effect influences fund performance and particularly flows. We find that a significant fraction (32%) of all funds exhibit some degree of disposition behavior. These funds underperform funds that are not …
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Three Perspectives of Mutual Fund Performance: The Indiviudal Investor, the Finance Professional, and the Board of Directors
In this dissertation I examine mutual fund performance from the points of view of three distinct, but interrelated parties: individual investors, financial advisors, and the boards of directors of mutual fund companies. In the first essay, "Comparing Fund Flow Sensitivity for Load and No-Load Funds …
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The relationship between assets under management and mutual fund performance. Does size matter? A South African investigation
… there is a potential relationship between mutual fund size and mutual fund performance using South African data. Academic studies on the relationship between mutual fund size and mutual fund performance has produced inconclusive results to date, with five potential outcomes being found, …
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Essays in Mutual Fund Performance, the Home Equity Bias and the Effects of Financial Frictions on Output and Occupational Choice
In this thesis we explore issues of mutual fund manager performance, we propose a factor that helps explain the home equity bias and theoretically explore the effects of such financial frictions as poor contract enforcement and intermediation costs on occupational choice and output.
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Actively Managed Mutual Fund Holdings and Fund Performance
I examine mutual fund performance using three different perspectives. I begin with Mutual Fund Holdings Batting Average, in which I analyze mutual fund performance through the creation of a new variable using funds’ stock holdings information. My results show that this new variable, Holdings …
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Essays on Institutional Investors
… markets. The first essay studies what affect mutual fund decisions on hiring and firing sub-advisors and the ex-post effects. We show that deterioration in mutual fund performance or increase in outflows predicts a higher propensity of a fund to change its sub-advisors. However, mutual funds …
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Essays in empirical finance
… of momentum trading from evidence in mutual fund performance. I find that mutual funds that exhibit a strong momentum trading pattern earn significant risk-adjusted returns relative to Fama-French 3-Factor model, and tend to outperform other funds that do not momentum trade as much. …
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Equity Style Indices and Liquidity in Europe
… their role with respect to European stocks and mutual funds. First, a consistent set of European style indices is outlined from which risk factors like market excess return, size, valuation and momentum, but also novel idiosyncratic risk and systematic liquidity factors are derived. The daily …
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Essays in Asset Pricing
… two essays explain the role of investor trust on mutual fund investor behavior and private fund capital raising, respectively. The third essay proposes a valuation model for bitcoin options. In the first essay, I investigate the impact of investment adviser disciplinary actions on mutual fund …
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Cognitive error in the measurement of investment returns
… applications in fields where IRRs are used (e.g. mutual fund performance and project evaluation). In identifying these errors this thesis makes a contribution: (i) to the academic literature by correcting previous misleading results and improving research methods; (ii) to investment practitioners …
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Benchmark indices, alpha creation and performance persistence
… role of benchmark indices, alpha creation and performance persistence. In the first essay, we re-visit the performance of 887 active UK equity mutual funds due to the fact that recent academic literature documents that standard benchmark models, such as FF3 and Carhart four factor models, …
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Empirical Studies in Asset Management
… distinctiveness, employee risk-taking and fund performance are affected. I measure connectedness using a dataset of within-firm networks based on 13,357 mutual fund managers across 26 years. Well-connected managers within the fund family face lower performance-turnover and -promotion …