[PDF] Top 20 The Determinants of Mutual Fund Performance: A Cross-Country Study

... large fund usually ...a fund is co-managed, there is more competition to implement an idea and managers may end up expending too much effort to convince others to implement their ideas than they would if ... See full document

... a country with a developed capital market requires a strong auditing and reporting standards compared to a country with a less-developed capital ...a cross-country study of disclosure, ... See full document

... of cross-country comparison over time for larger samples of ...more cross-country and sectoral analysis has been acknowledged in the literature and more comparative studies across countries ... See full document

... credibility determinants discussed above are directly connected with the institutional arrangements concerning the CB, or related to the way in which monetary policy is ...the study: public ...the ... See full document

... Ellison study a time-frame when the stocks were in the midst of a significant bull market in the United ...explain fund performance, risk and ...the fund, years of education, whether or not ... See full document

... in mutual fund ...the mutual funds and the sample period started from 1976 to ...this study was to find all the major factors due to which a specific mutual fund or a fund ... See full document

... conventional mutual funds. In case of Islamic mutual funds only Jensen Alpha exhibits positive ...low performance of Islamic mutual funds is due to the fact that investments of these funds are ... See full document

... (lowest performance) is assigned a score of 2 while quintile 1 is assigned a score of ...absolute performance, between each quintile each year is assumed to be the ...The study relies on a framework ... See full document

... the mutual fund industry has also come to occupy an important ...place. Mutual fund is a mechanism by which, the savings of large numbers of small investors are pooled together and collective ... See full document

... in mutual fund ...of performance. Sharpe (1966) studied the performance of 34 mutual funds during the years 1954-1963 to test why some of them performed better than others and if they ... See full document

... estate mutual fund (REMF) ...of fund variables and manager characteristics, including the manager's tenure, whether the fund manager holds a professional certification, whether the manager has ... See full document

... Mutual fund is an instrument for pooling the assets by issuing units to the financial specialists and putting reserves in securities as per targets as unveiled in offer ...wide cross-segment of ... See full document

... some performance by timing country ...passive country funds does not work, this finding indicates that using macroeconomic variables helps to identify the countries with the most promising active ... See full document

... This reworking of Jensen's study in order to assess the funds' performances from an arbitrage standpoint, has produced substantially the same results: fund returns net of management expe[r] ... See full document

... and fund characteristics in mutual fund ...of performance measures is ...of fund characteristics in explaining future returns are ...on fund manager behavioural biases and the ... See full document

... There is by now ample evidence that an equity mutual fund’s investment style has become deeply ingrained in how the fund is defined and the returns it produces. Indeed, researchers and portfolio managers ... See full document

... that fund managers are motivated by relative performance incentives raises e¢ ciency ...the mutual fund industry is such that delegated portfolio management di¤ers from a stan- dard ... See full document

... average fund in the same style category as a benchmark, incorporates both its return and its tax ...a fund shareholder exits the fund at the end of the year and thus incorporates any unrealized gain ... See full document

... this study, Investors in general have appetite to invest in that instrument which may generate maximum return with minimum ...Indian Mutual Funds and its Performance Evaluation In this study, ... See full document

... obtain mutual fund data from the CRSP Survivorship-Bias-Free U.S. Mutual Fund Database, including net fund returns, total net assets, investment objectives, percentages of stock cash ... See full document