Log in

Relevant bibliographies by topics / Managed funds / Journal articles

To see the other types of publications on this topic, follow the link: Managed funds.

Journal articles on the topic 'Managed funds'

Author: Grafiati

Published: 4 June 2021

Last updated: 20 February 2023

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the top 50 journal articles for your research on the topic 'Managed funds.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.

1

Patel, Saurin, and Sergei Sarkissian. "Portfolio Pumping and Managerial Structure." Review of Financial Studies 34, no. 1 (February 28, 2020): 194–226. http://dx.doi.org/10.1093/rfs/hhaa027.

Full text

Abstract:

Abstract Using U.S. equity mutual fund data, we show that portfolio pumping—an illegal trading activity that artificially inflates year- and quarter-end portfolio returns—is more pronounced among single-managed funds compared with team-managed ones. The return inflation by team-managed funds is 45% lower than by single-managed funds at year-ends. Also, portfolio pumping decreases as team size increases. These results are driven by peer effects among teams and, sometimes, amplified by less convex flow-performance relation in team-managed funds. Our findings are robust to differences in fund gov

APA, Harvard, Vancouver, ISO, and other styles

2

Han, Yufeng, Tom Noe, and Michael Rebello. "Horses for Courses: Fund Managers and Organizational Structures." Journal of Financial and Quantitative Analysis 52, no. 6 (December 2017): 2779–807. http://dx.doi.org/10.1017/s0022109017000795.

Full text

Abstract:

We model and test the relations between the team management of mutual funds, managers’ ability, performance, and holdings. Our model predicts that team-managed funds perform better and behave more conservatively than single-manager funds. However, the effect of team management is masked in equilibrium because high-ability managers rationally self-select into single-manager funds. Consistent with the model’s prediction, we find that team-managed funds perform better and deviate less from their benchmark allocations than single-manager funds with the same characteristics. These differences are m

APA, Harvard, Vancouver, ISO, and other styles

3

Popescu, Marius, and Zhaojin Xu. "Market states and mutual fund risk shifting." Managerial Finance 43, no. 7 (July 10, 2017): 828–38. http://dx.doi.org/10.1108/mf-09-2016-0278.

Full text

Abstract:

Purpose The purpose of this paper is to explore the motivation behind mutual funds’ risk shifting behavior by examining its impact on fund performance, while jointly considering fund managers’ compensation incentives and career concerns. Design/methodology/approach The study uses a sample of US actively managed equity funds over the period 1980-2010. A fund’s risk shifting is estimated as the difference between the fund’s intended portfolio risk in the second half of the year and the realized portfolio risk in the first half of the year. Using the state of the market to identify the dominating

APA, Harvard, Vancouver, ISO, and other styles

4

Mallik, Avijit, Saad Niamatullah, and Swarup Saha. "Performance Appraisal of Asset Management Companies in Bangladesh." International Journal of Economics and Finance 11, no. 8 (June 30, 2019): 53. http://dx.doi.org/10.5539/ijef.v11n8p53.

Full text

Abstract:

Mutual funds are a type of collective investment scheme where a large number of small investors pool their savings together and entrust it to an asset manager, who manages the capital to maximize returns in exchange for a management fee. While mutual funds and other collective investment schemes are popular in developed markets, with assets under management (AUM) to GDP ratio of 62% globally, they are yet to gain popularity in Bangladesh, where AUM-to-GDP ratio stands at only 0.53%. However, mutual funds and asset management companies have been growing at high rates, with 37 closed-end and 42

APA, Harvard, Vancouver, ISO, and other styles

5

Philpot, James, and Craig A. Peterson. "Manager characteristics and real estate mutual fund returns, risk and fees." Managerial Finance 32, no. 12 (December 1, 2006): 988–96. http://dx.doi.org/10.1108/03074350610710481.

Full text

Abstract:

PurposeThe purpose of this paper is to analyze the effects of individual manager characteristics on real estate mutual fund (REMF) performance. Human capital theory predicts that factors like education, experience and professional certifications improve skill sets and thus performance. Conversely, capital markets theory suggests that these things may be irrelevant in the management of mutual funds.Design/methodology/approachA total of 63 REMFs were sampled over the period 2001‐2003 and equations were estimate regressing, alternatively, risk‐adjusted return, market risk and management fees on a

APA, Harvard, Vancouver, ISO, and other styles

6

Soares, William Clem, and Carlos Heitor Campani. "Performance of retirement funds: An analysis focused on pure insurance companies,." Revista Contabilidade & Finanças 31, no. 84 (December 2020): 490–523. http://dx.doi.org/10.1590/1808-057x201909840.

Full text

Abstract:

ABSTRACT This paper analyzes the performance of Free Benefit Generating Plans (Plano Gerador de Benefício Livre - PGBL) and Free Benefit Generating Life (Vida Gerador de Benefícios Livres - VGBL) funds in the Brazilian market. This paper is unique when it comes to segregate funds managed by pure insurance companies (PICs) from those managed by large retail banks. We also discuss the impact of characteristics such as administration fee and fund size in the fund performance. The academic literature does not consider the differentiation between funds characteristics neither the type of institutio

APA, Harvard, Vancouver, ISO, and other styles

7

Edwards, Franklin R., and Jimmy Liew. "Managed commodity funds." Journal of Futures Markets 19, no. 4 (June 1999): 377–411. http://dx.doi.org/10.1002/(sici)1096-9934(199906)19:4<377::aid-fut1>3.0.co;2-3.

Full text

APA, Harvard, Vancouver, ISO, and other styles

8

Agarwal, Vikas, Nicole M. Boyson, and Narayan Y. Naik. "Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds." Journal of Financial and Quantitative Analysis 44, no. 2 (April 2009): 273–305. http://dx.doi.org/10.1017/s0022109009090188.

Full text

Abstract:

AbstractRecently, there has been rapid growth in the assets managed by “hedged mutual funds”—mutual funds mimicking hedge fund strategies. We examine the performance of these funds relative to hedge funds and traditional mutual funds. Despite using similar trading strategies, hedged mutual funds underperform hedge funds. We attribute this finding to hedge funds’ lighter regulation and better incentives. Conversely, hedged mutual funds outperform traditional mutual funds. Notably, this superior performance is driven by managers with experience implementing hedge fund strategies. Our findings ha

APA, Harvard, Vancouver, ISO, and other styles

9

Caslin, J. J. "Hedge Funds." British Actuarial Journal 10, no. 3 (August 1, 2004): 441–521. http://dx.doi.org/10.1017/s1357321700002671.

Full text

Abstract:

ABSTRACTThe paper opens by showing how certain types of hedge funds can reduce the risk and increase the return on a traditional balanced managed fund. One of the key characteristics of such a hedge fund is that it has a low correlation with the balanced managed fund. The paper puts forward a new way of explaining correlation so that it can be more readily understood, and suggests methods of analysis for dealing with the fact that correlation is unstable. Volatility correlation is also examined because of its importance in reducing the risk of a portfolio.An outline of the characteristics and

APA, Harvard, Vancouver, ISO, and other styles

10

Patel, Saurin, and Sergei Sarkissian. "To Group or Not to Group? Evidence from Mutual Fund Databases." Journal of Financial and Quantitative Analysis 52, no. 5 (October 2017): 1989–2021. http://dx.doi.org/10.1017/s0022109017000655.

Full text

Abstract:

Despite the overwhelming trend in mutual funds toward team management, empirical studies find no performance benefits for this phenomenon. We show it is caused by large discrepancies in reported managerial structures in Center for Research in Security Prices and Morningstar Principia data sets versus U.S. Securities and Exchange Commission records, resulting in up to 50-basis-points underestimation of the team impact on fund returns. Using more accurate Morningstar Direct data, we find that team-managed funds outperform single-managed funds across various performance metrics. The relation betw

APA, Harvard, Vancouver, ISO, and other styles

11

Sherrill, D. Eli, and Kate Upton. "Actively managed ETFs vs actively managed mutual funds." Managerial Finance 44, no. 3 (March 12, 2018): 303–25. http://dx.doi.org/10.1108/mf-03-2017-0067.

Full text

Abstract:

Purpose The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also tests if there are tax or liquidity clientele effects. Design/methodology/approach The study investigates the relation between individual AMMF flows and aggregate AMETF flows as well as individual AMETF flows and aggregate AMMF flows. A 2013 tax change is used to analyze if a tax clientele effect exists between the AMETF and AMMF markets. The authors use differences in investor groups for institutional vs retail fund

APA, Harvard, Vancouver, ISO, and other styles

12

Maftukhah, Anni. "The Performance of Sharia Equity Fund Investment Manager." Jurnal Iqtisaduna 1, no. 1 (September 21, 2020): 81. http://dx.doi.org/10.24252/iqtisaduna.v1i1.16056.

Full text

Abstract:

Sharia mutual funds are fund raising activities from investors to be managed by investment managers with sharia-based management, namely by not investing funds in companies whose types and scope of business are not in accordance with Islamic sharia. This study was conducted to determine the effect of turnover ratio, expenses ratio, fund size, managerial tenure, and fund selection skills on the performance of sharia mutual fund investment managers in Indonesia. The data used in this study are monthly Net Asset Value, BI rate, IHSG, annual turnover data, annual expenses ratio data, and prospectu

APA, Harvard, Vancouver, ISO, and other styles

13

Brito, Ney Roberto Ottoni de. "Avaliação de Desempenho e Market Timing: O Índice de Habilidade." Brazilian Review of Finance 1, no. 1 (April 1, 2003): 1. http://dx.doi.org/10.12660/rbfin.v1n1.2003.1123.

Full text

Abstract:

MERTON (1981) examines the creation of value by fund managers selecting between stocks and fixed income instruments through market timing. HENRIKSON and MERTON (1981) proceed to propose empirical tests of funds and manager performance in market timing. BRITO, BONA and TACIRO (2003) generalize the results of MERTON (1981) and HENRIKSON and MERTON (1981) for actively managed funds with a clearly defined benchmark portfolio. In the generalized context of active portfolio management, this paper proposes a new index – the Skill Index of Brito (SIB) – to measure the performance and efficiency in mar

APA, Harvard, Vancouver, ISO, and other styles

14

Shohfi, Thomas. "RPI’s James Fund: ETFs, decision making, & manager transitions." Managerial Finance 46, no. 5 (March 5, 2019): 662–74. http://dx.doi.org/10.1108/mf-08-2018-0397.

Full text

Abstract:

Purpose The James Fund at Rensselaer Polytechnic Institute’s Lally School of Management is a small, recently established, course-driven student-managed investment fund (SMIF). The purpose of this paper is to provide insight to new and existing funds in improving individual fund operation and structure. Design/methodology/approach The James Fund seeks to outperform an 80/20 equity/fixed income benchmark by investing exclusively in exchange traded funds and to move primary emphasis away from idiosyncratic risk and individual equity valuation back toward asset allocation, the most significant dri

APA, Harvard, Vancouver, ISO, and other styles

15

Koutsokostas, Drosos, Spyros Papathanasiou, and Nikolaos Eriotis. "Can mutual fund managers predict security prices to beat the market?The case of Greece during the debt crisis." Journal of Prediction Markets 12, no. 3 (February 13, 2019): 40–62. http://dx.doi.org/10.5750/jpm.v12i3.1644.

Full text

Abstract:

The purpose of this paper is to examine the performance of Greek equity mutual funds, elaborating on stock selection in parallel with market timing measures, in comparison with the performance of ETFs and index funds for the period 01/24/2008-05/12/2017, and the short-term performance persistence of actively managed funds for the period 05/12/2015-05/12/2017. Using all domestic equity mutual funds at our disposal and daily data, the authors apply multi-factor models to estimate risk-adjusted returns and to evaluate the selectivity and market timing ability of fund managers. In order to investi

APA, Harvard, Vancouver, ISO, and other styles

16

Bani Atta, Anas Ahmad, and Ainulashikin Marzuki. "SELECTIVITY AND MARKET TIMING ABILITY OF MUTUAL FUND HOUSES IN EMERGING COUNTRIES." Vol. 16, Number 1, 2021 16, Number 1 (January 30, 2021): 21–42. http://dx.doi.org/10.32890/ijbf2021.16.1.2.

Full text

Abstract:

The paper investigates the selectivity and market timing ability of fund houses in emerging countries. The study uses comprehensive performance models on fund houses from four emerging countries. Data span is from 2007 to 2018. Findings indicate that fund managers benefit from the common facilities provided by the fund houses like market research, diversification and investment opportunity. Fund houses showed good selectivity skills but poor market timing ability. The possible reason is that fund houses manage large and different types of funds. This resulted in more complex management process

APA, Harvard, Vancouver, ISO, and other styles

17

Kenneth Malefo, Boikanyo, Heng-Hsing Hsieh, and Kathleen Hodnett. "Performance evaluation of actively managed mutual funds." Investment Management and Financial Innovations 13, no. 4 (December 29, 2016): 188–95. http://dx.doi.org/10.21511/imfi.13(4-1).2016.04.

Full text

Abstract:

Motivated by the growing attraction of the mutual fund industry worldwide, this research seeks to explore the economic benefits contributed by the South African equity unit trust managers over the period from 6 January 2002 to 2 September 2012. The performance statistics of selected equity unit trusts are examined for the overall examination period and two sub-periods: 6 January 2002 to 6 May 2007 and 7 May 2007 to 2 September 2012. The first sub-period captures the bullish performance of the unit trusts before the 2008 global financial crisis. The second sub-period captures the global financi

APA, Harvard, Vancouver, ISO, and other styles

18

Sulaeman, Johan. "Do Local Investors Know More? Evidence from Mutual Fund Location and Investments." Quarterly Journal of Finance 04, no. 02 (June 2014): 1450010. http://dx.doi.org/10.1142/s2010139214500104.

Full text

Abstract:

This study finds that actively managed mutual funds do not display abnormal superior performance in local stocks relative to their own performance in distant stocks. However, the trading behavior of these funds is consistent with a widespread perception that local funds have an informational advantage. This perception is not only held by the local fund managers themselves (who tend to trade more aggressively), but also shared by distant managers (who tend to mimic local managers).

APA, Harvard, Vancouver, ISO, and other styles

19

Watson, John R., N. Allen, Kok Fai Phoon, and Jayasinghe Wickramanayake. "Investing into the abyss: The continued misclassification of multi-sector managed funds." Corporate Ownership and Control 8, no. 1 (2010): 600–623. http://dx.doi.org/10.22495/cocv8i1c6p3.

Full text

Abstract:

The objective of this paper is to assess whether Australian multi-sector managed funds are misclassified, and then, having found this to be the case, determine if this misclassification has any impact on fund performance. We adopt a strong form of returns based style analysis to investigate a monthly sample of Australian multi-sector funds over the five-year sample period 2003:04-2008:03. The evidence provided demonstrates that insufficient attention has been paid as to whether fund managers are able to keep within their tactical asset allocation ranges and presents that misclassification exis

APA, Harvard, Vancouver, ISO, and other styles

20

Krishna, Dr V. Murali, Dr T. Hima Bindu, and Dr Ravikumar Gunakala. "A Critical Analysis of Selected Public and Private Mutual Fund Schemes in India." Restaurant Business 118, no. 8 (April 25, 2019): 28–34. http://dx.doi.org/10.26643/rb.v118i8.7207.

Full text

Abstract:

Mutual Fund Industry is one of the emerged dominant financial intermediaries in Indian Capital Market. The main objective of investing in a mutual fund is to diversify risk. Though the mutual fund invests in diversified portfolio, the fund managers take different levels of risk in order to achieve the schemes objectives. Mutual funds allow portfolio diversification and relative risk management through collection of funds from the savers/investors, the same investing in equity and debt stocks. This type of invested funds is managed by professional experts called as fund managers Funds are categ

APA, Harvard, Vancouver, ISO, and other styles

21

Woodward, George, and Robert Brooks. "A Generalized Approach to Measure Market Timing Skills of Fund Managers." International Journal of Risk and Contingency Management 3, no. 1 (January 2014): 40–75. http://dx.doi.org/10.4018/ijrcm.2014010104.

Full text

Abstract:

In this paper the authors extend the analysis in Woodward and Brooks (2010) to derive a generalized form of Merton's (1981) dual beta market timing model that allows for continuous adjustment of portfolio beta in response to changing market conditions, and also includes the dual beta model as a special case. The model provides a more realistic representation of the fund return generation process. Using this model the authors test the market timing skills of fund managers for a sample of Australian superannuation funds for the period 1990 to 2002. The authors find that managed funds in which in

APA, Harvard, Vancouver, ISO, and other styles

22

Farid, Muhammad, and Mochamad Atim Rudiantoyo Hidayat. "Sharia Pension Fund." Muhasabatuna : Jurnal Akuntansi Syariah 1, no. 1 (June 4, 2022): 01–016. http://dx.doi.org/10.54471/muhasabatuna.v1i1.1698.

Full text

Abstract:

Pension Fund is a legal entity that manages and runs a program that promises pension benefits. The increasing development of sharias transactions in the financial industry in Indonesia allows pension funds to be managed according to sharia. The purpose of this paper is to determine the basis of fiqh for the development and management of pension funds. Pension Funds are generally regulated in Law no. 11 of 1992. The difference between conventional pension funds and Islamic pension funds is the investment management system carried out to avoid usury and interest-based conventional financia

APA, Harvard, Vancouver, ISO, and other styles

23

Farooqi, Javeria, Surendranath Jory, and Thanh Ngo. "Active fund managers and earnings management at portfolio companies." Review of Accounting and Finance 19, no. 1 (June 27, 2019): 48–82. http://dx.doi.org/10.1108/raf-11-2017-0209.

Full text

Abstract:

Purpose This paper aims to examine the association between the types of mutual funds, i.e. active versus passive, and the level of earnings manipulation in companies that comprise their stock portfolios. Design/methodology/approach The authors use Cremers and Petajisto’s (2009) classification of mutual funds by active share and tracking error volatility to differentiate between active and passive mutual funds. To assess the extent of earnings quality at portfolio companies, the authors measure accruals earnings management and real earnings management. Findings The authors find that the portfol

APA, Harvard, Vancouver, ISO, and other styles

24

CLARE, ANDREW, DIRK NITZSCHE, and KEITH CUTHBERTSON. "An empirical investigation into the performance of UK pension fund managers." Journal of Pension Economics and Finance 9, no. 4 (August 10, 2009): 533–47. http://dx.doi.org/10.1017/s1474747209990138.

Full text

Abstract:

AbstractThe UK's defined benefit pensions industry makes widespread use of pooled investment vehicles which are provided by a large number of fund management groups. In this paper, we provide the first comprehensive performance analysis of these funds. Using data on 734 actively managed pooled funds that had a combined value of just over £400bn at the end of 2007, ranging from UK equity to funds specialising in Pacific Basin equities, our results indicate that the performance of these institutional funds is generally better than those reported in the literature for managers of mutual funds. Ne

APA, Harvard, Vancouver, ISO, and other styles

25

Gamble, James. "Can Expense Ratios Signal Performance? An Analysis of Equity ETFs & Mutual Funds." American Journal of Undergraduate Research 16, no. 4 (March 15, 2020): 23–40. http://dx.doi.org/10.33697/ajur.2020.004.

Full text

Abstract:

This study examines the impact of the emergence of exchange-traded funds (ETFs) as an alternative investment vehicle to mutual funds. As the number of ETFs continues to rise, we investigate potential risks and disadvantages posed by ETFs in comparison to traditional mutual funds. We compare the returns, performance, and expense ratios of ETFs to those of mutual funds. We find that expense ratios are positively correlated with actively managed mutual fund returns and that passive funds have outperformed active funds since their inception. There is downward pressure on mutual fund fees over tim

APA, Harvard, Vancouver, ISO, and other styles

26

Carpenter, Tim. "Implementing a student-managed cryptoasset fund in a finance curriculum." Managerial Finance 48, no. 4 (February 8, 2022): 577–86. http://dx.doi.org/10.1108/mf-11-2021-0579.

Full text

Abstract:

PurposeIn 2004, Roanoke College began offering a Student-Managed Fund course, wherein students were able to manage a portfolio of equity and fixed income using real money. While not a widely adopted concept at the time, it has since become quite common in finance programs, either through courses or clubs. In February 2019, the author supplemented activities in the course with the addition of real cryptoassets for students to manage. The paper discusses the design, implementation, and pedagogical advantages of the fund.Design/methodology/approachThe paper expands on the existing literature rega

APA, Harvard, Vancouver, ISO, and other styles

27

Dieu Dang, Huong. "KiwiSaver fund performance and asset allocation policy." Pacific Accounting Review 31, no. 2 (April 1, 2019): 232–57. http://dx.doi.org/10.1108/par-06-2018-0044.

Full text

Abstract:

Purpose This paper aims to examine the performance and benchmark asset allocation policy of 70 KiwiSaver funds catergorised as growth, balanced or conservative over the period October 2007-June 2016. The study focuses on the sources for returns variability across time and returns variation among funds. Design/methodology/approach Each fund is benchmarked against a portfolio of eight indices representing eight invested asset classes. Three measures were used to examine the after-fee benchmark-adjusted performance of each fund: excess return, cumulative abnormal return and holding period returns

APA, Harvard, Vancouver, ISO, and other styles

28

Bird, Ron, F. Douglas Foster, Jack Gray, Adrian M. Raftery, Susan Thorp, and Danny Yeung. "Who starts a self-managed superannuation fund and why?" Australian Journal of Management 43, no. 3 (May 1, 2018): 373–403. http://dx.doi.org/10.1177/0312896217747331.

Full text

Abstract:

Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one-third of retirement savings in Australia, and serve over 1 million members. The number of SMSFs has increased to more than half a million in two decades, yet little is known about the reasons people start the funds and how they operate. We use a survey of more than 500 SMSF members and 500 large superannuation fund members to analyse why SMSF members commence and manage their own fund, compared to similar people who stay with a large fund. We find that control over inve

APA, Harvard, Vancouver, ISO, and other styles

29

Reddy, Wejendra, David Higgins, and Ron Wakefield. "An investigation of property-related decision practice of Australian fund managers." Journal of Property Investment & Finance 32, no. 3 (April 1, 2014): 282–305. http://dx.doi.org/10.1108/jpif-02-2014-0014.

Full text

Abstract:

Purpose – In Australia, the A$2.2 trillion managed funds industry including the large pension funds (known locally as superannuation funds) are the dominant institutional property investors. While statistical information on the level of Australian managed fund investments in property assets is widely available, comprehensive practical evidence on property asset allocation decision-making process is underdeveloped. The purpose of this research is to identify Australian fund manager's property asset allocation strategies and decision-making frameworks at strategic level. Design/methodology/appro

APA, Harvard, Vancouver, ISO, and other styles

30

Chen, Joseph, Harrison Hong, Ming Huang, and Jeffrey D. Kubik. "Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization." American Economic Review 94, no. 5 (November 1, 2004): 1276–302. http://dx.doi.org/10.1257/0002828043052277.

Full text

Abstract:

We investigate the effect of scale on performance in the active money management industry. We first document that fund returns, both before and after fees and expenses, decline with lagged fund size, even after accounting for various performance benchmarks. We then explore a number of potential explanations for this relationship. This association is most pronounced among funds that have to invest in small and illiquid stocks, suggesting that these adverse scale effects are related to liquidity. Controlling for its size, a fund's return does not deteriorate with the size of the family that it b

APA, Harvard, Vancouver, ISO, and other styles

31

Gupta, Rakesh, and Thadavillil Jithendranathan. "Fund flows and past performance in Australian managed funds." Accounting Research Journal 25, no. 2 (September 7, 2012): 131–57. http://dx.doi.org/10.1108/10309611211287314.

Full text

APA, Harvard, Vancouver, ISO, and other styles

32

Miranda Pries, Stephanie. "The development of Managed Funds Association's 2005 Sound Practices for Hedge Fund Managers." Journal of Investment Compliance 6, no. 1 (January 2005): 63–70. http://dx.doi.org/10.1108/15285810510634713.

Full text

APA, Harvard, Vancouver, ISO, and other styles

33

Huang, Jiekun. "Dynamic Liquidity Preferences of Mutual Funds." Quarterly Journal of Finance 10, no. 04 (October 28, 2020): 2050018. http://dx.doi.org/10.1142/s2010139220500184.

Full text

Abstract:

This paper examines the relation between expected market volatility and open-end mutual funds’ liquidity preferences. Using a large panel of actively managed U.S. equity mutual funds, I show that mutual fund managers hold more cash and tilt their holdings more heavily towards liquid stocks during periods when expected market volatility is high. Cross-sectional tests suggest that the dynamic preferences for liquidity are driven by concerns over investor withdrawals during volatile times. Furthermore, I find evidence that this type of dynamic behavior leads to higher fund returns.

APA, Harvard, Vancouver, ISO, and other styles

34

Malhotra, Priya, and Pankaj Sinha. "Forecasting Fund Flows in Indian Equity Mutual Funds Market using Time Series Analysis: An Empirical Investigation." Journal of Business Thought 12 (December 15, 2021): 1. http://dx.doi.org/10.18311/jbt/2021/25970.

Full text

Abstract:

<p>Mutual Funds are the second most preferred financial investment option in India amongst households, corporate and private investors alike. Managed funds bring with them the expertise of fund managers along with the benefits of diversification and lower costs. The sensitivity of fund flows defines the ability of the fund manager in offering expected future returns. Mutual fund flows exhibit time series characteristics, it being financial data collected at regular intervals over a time period. This paper studies the dynamics of mutual fund flows by utilising time series regression model

APA, Harvard, Vancouver, ISO, and other styles

35

Apau, Richard, and Leward Jeke. "The effect of performance manipulation on fund flows under different market conditions in South Africa." Investment Management and Financial Innovations 19, no. 3 (September 1, 2022): 203–14. http://dx.doi.org/10.21511/imfi.19(3).2022.17.

Full text

Abstract:

This study analyzes the effect of performance manipulation on mutual fund flows under different market conditions to provide explanations to the increased flow of investors’ funds to persistently underperforming active mutual fund managers in South Africa. The study employs a system GMM technique to analyze panel data of 52 South African actively managed equity mutual funds for the 2006–2019 period. From the analysis, it is found that past fund flows and fund size constitute a set of fund-level factors with predictive influences on fund flows, while market risk exerts systemic effect on the fl

APA, Harvard, Vancouver, ISO, and other styles

36

Sichel, Robert L., William P. Wade, Ruth E. Delaney, Kristina M. Zanotti, and Michael McGrath. "Private equity in 401(K) plans – a trillion dollar opportunity?" Journal of Investment Compliance 21, no. 2/3 (December 3, 2020): 85–91. http://dx.doi.org/10.1108/joic-07-2020-0008.

Full text

Abstract:

Purpose To explain recent regulatory guidance for different types of stakeholders, including asset managers, fund complexes, and institutional investors. Design/methodology/approach Summary of recent regulatory guidance and explanation for different types of stakeholders, including asset managers, fund complexes, and institutional investors. Findings While the U.S. Department of Labor’s (DOL’s) letter does not open the door to direct access to Private Market Investments by 401(k) plan participants, it does provide a framework for the expanded use of private equity and, we believe, other types

APA, Harvard, Vancouver, ISO, and other styles

37

Park, Heejin. "Mutual Fund Voting and Pension Ties : Evidence from Proxy Voting." Journal of Derivatives and Quantitative Studies 25, no. 2 (May 31, 2017): 201–28. http://dx.doi.org/10.1108/jdqs-02-2017-b0002.

Full text

Abstract:

Because mutual funds are the largest equity holders and because the retirement assets that are managed by mutual funds have been growing, mutual fund managers may have more incentives to support management in order to attract and retain pension business. I explore whether pension business ties have an impact on voting behaviors of mutual funds by examining the link pension business ties between mutual funds and the firms to actual mutual fund voting outcomes. At the fund family level, I find a positive relation between pension ties and mutual funds’ voting support for management. This relation

APA, Harvard, Vancouver, ISO, and other styles

38

Rao, Zia-ur-Rehman, Muhammad Zubair Tauni, Amjad Iqbal, and Muhammad Umar. "Emerging market mutual fund performance: evidence for China." Journal of Asia Business Studies 11, no. 2 (May 2, 2017): 167–87. http://dx.doi.org/10.1108/jabs-10-2015-0176.

Full text

Abstract:

Purpose The purpose of this paper is to find whether Chinese equity funds outperform the market and do Chinese fund managers possess positive market timing ability. This study also aims to investigate whether well-performing (worst) funds of last year continue to perform well (worst) in the following year. Design/methodology/approach Capital Asset Pricing Model and Carhart four-factor model are used for performance analysis, whereas for analyzing market timing ability, the Treynor and Mazuy (1966) and Henriksson and Merton (1981) models are applied. To investigate persistence in the performanc

APA, Harvard, Vancouver, ISO, and other styles

39

Collins, Patrick J. "Monitoring Passively Managed Mutual Funds." Journal of Investing 8, no. 4 (November 30, 1999): 49–61. http://dx.doi.org/10.3905/joi.1999.319424.

Full text

APA, Harvard, Vancouver, ISO, and other styles

40

Ignatius, Roger. "Monitoring Passively Managed Mutual Funds." CFA Digest 30, no. 3 (August 2000): 3–4. http://dx.doi.org/10.2469/dig.v30.n3.701.

Full text

APA, Harvard, Vancouver, ISO, and other styles

41

Masterson, Phil, and Sue Wilchusky. "Actively Managed Exchange-Traded Funds." Journal of Index Investing 1, no. 1 (May 31, 2010): 90–94. http://dx.doi.org/10.3905/jii.2010.1.1.090.

Full text

APA, Harvard, Vancouver, ISO, and other styles

42

Ghosh, Chinmoy, Paul Gilson, and Michel Rakotomavo. "Student managed fund (SMF) at the University of Connecticut." Managerial Finance 46, no. 4 (September 12, 2019): 548–64. http://dx.doi.org/10.1108/mf-09-2018-0426.

Full text

Abstract:

Purpose The purpose of this paper is to present a review of the student managed investment fund at the School of Business, University of Connecticut. Design/methodology/approach The authors trace the history and growth of the fund and identify the special features and dimensions that have contributed to its success. Findings The operation of the fund is a constantly evolving program and the authors discuss the important changes and improvements made in the program since its inception in the early 2000s in response to growth in the number of finance majors, new career opportunities in the field

APA, Harvard, Vancouver, ISO, and other styles

43

Muhtaseb, Majed R. "Hedge fund manager fraud through PIPEs." Journal of Financial Crime 25, no. 3 (July 2, 2018): 636–45. http://dx.doi.org/10.1108/jfc-04-2017-0032.

Full text

Abstract:

Purpose The purpose of this paper is to draw lessons to investors from the conduct of a hedge fund manager who according to the Securities and Exchange Commission (SEC) complaint made false and misleading statements before and after an auditor’s reports, misappropriated for personal benefit over $1m, misappropriated clients’ assets, failed to conduct due diligence on third-party buyer, instructed an employee to mislead investors and satisfied some investors’ redemptions with other investors’ subscriptions (Ponzi scheme) without disclosing it to investors. Ironically, the scheme was unveiled by

APA, Harvard, Vancouver, ISO, and other styles

44

Chong, Venny Sin-Woon, Ming Ming Lai, and Lee Lee Chong. "Effects of human capital and fund characteristics on mutual fund performance in Malaysia." F1000Research 10 (September 9, 2021): 905. http://dx.doi.org/10.12688/f1000research.72895.1.

Full text

Abstract:

Background: The evolution of the mutual funds industry has changed investors’ perspective. Instead of just focusing on which fund performances are best, investors pay great attention to who is managing and delivering superior returns in their investment portfolios. Nonetheless, it is very scant of comprehensive studies concern with human capital managerial characteristics that link with fund performances. Hence, this study proposes the integration of fund performances, managerial characteristics, systematic risk, expense, and turnover ratio, with single and simultaneous equations based on asse

APA, Harvard, Vancouver, ISO, and other styles

45

Das, Praveen, S. P. Uma Rao, and Denis Boudreaux. "Performance Evaluation of Religious Funds." International Journal of Financial Research 8, no. 4 (September 11, 2017): 240. http://dx.doi.org/10.5430/ijfr.v8n4p240.

Full text

Abstract:

This exploratory study uses monthly net return data from August 2008 to June 2015 on 5 actively managed religious funds to distinguish between luck and skill of fund managers. The main benchmark of this study is the Fama-French-five-factor-model (2013). First, the abnormal performance, alpha, αi, of the equally weighted mutual fund with the above five factor model is examined. Second, we use the bootstrapping simulation approach of Fama and French (2010), to separate manager’s skill from luck. Equally weighted fund exhibits skill.

APA, Harvard, Vancouver, ISO, and other styles

46

Othman, Jaizah, Mehmet Asutay, and Norhidayah Jamilan. "Comparing the determinants of fund flows in domestically managed Malaysian Islamic and conventional equity funds." Journal of Islamic Accounting and Business Research 9, no. 3 (May 8, 2018): 401–14. http://dx.doi.org/10.1108/jiabr-07-2016-0084.

Full text

Abstract:

PurposeThis paper aims to provide an empirical evidence on the fund flows-past return performance relationship by also considering the management expense ratio, the portfolio turnover, the fund size and the fund age of Islamic equity funds (IEF) investors in comparison with conventional equity funds (CEF) investors. Design/methodology/approachBy using panel data, the sample of Malaysian domestic managed equity funds is considered which comprises 20 individual funds from IEF and CEF from 2011 to 2013. FindingsThe results provide evidence that IEF investors have different factors when choosing f

APA, Harvard, Vancouver, ISO, and other styles

47

Damani, Akshay, and Nandip Vaidya. "Predicting the relative performance of actively managed equity mutual funds using diverse performance evaluation techniques." Corporate Ownership and Control 19, no. 1 (2021): 69–83. http://dx.doi.org/10.22495/cocv19i1art6.

Full text

Abstract:

Mutual fund performance evaluation has seen an ever-growing interest for research amongst industry and academicians alike. In this paper an attempt has been made to compare and correlate global actively managed equity mutual funds’ performance across time intervals, to evaluate and establish how predicting future performance can be made meaningful for investors using analysis of historical data based on monthly net asset values (NAVs) (March 2009–March 2021). Of the top 500 global equity mutual funds based on market-cap (on March 31, 2021), the paper evaluated 180 actively managed funds adding

APA, Harvard, Vancouver, ISO, and other styles

48

Lin, Crystal Yan. "Student-managed investment funds: seven mismatches and three recommendations." Managerial Finance 48, no. 2 (November 23, 2021): 334–47. http://dx.doi.org/10.1108/mf-07-2021-0312.

Full text

Abstract:

PurposeThe purpose of this paper is to investigate the embedded challenges of student-managed investment funds (SMIFs) and provide recommendations to work with these issues.Design/methodology/approachThe paper analyzes and critiques the ways SMIFs are structured and operated and makes several suggestions.FindingsThe paper details seven unique challenges of SMIFs compared to professionally managed investment funds. The source of these challenges is that SMIFs are set up for educational purposes, which makes the operation and management different from performance-focused investment funds. The pa

APA, Harvard, Vancouver, ISO, and other styles

49

Ascioglu, Asli, Kemal Saatcioglu, and Adam Smith. "Integration of ESG Metrics into a Student-Managed Fund: Creating Sustainable Student-Managed Funds." Journal of Trading 13, no. 1 (December 22, 2017): 59–71. http://dx.doi.org/10.3905/jot.2018.13.1.059.

Full text

APA, Harvard, Vancouver, ISO, and other styles

50

Cherkes, Martin, Jacob S. Sagi, and Z. Jay Wang. "Managed Distribution Policies in Closed-End Funds and Shareholder Activism." Journal of Financial and Quantitative Analysis 49, no. 5-6 (December 2014): 1311–37. http://dx.doi.org/10.1017/s0022109014000544.

Full text

Abstract:

AbstractIn closed-end funds, a managed distribution policy (MDP) is a dividend commitment potentially requiring the liquidation of assets. We argue that MDPs lower managerial claims on fund assets and, when the fund is at a discount, increase shareholder value. This transfer of wealth can be rationalized by managers wishing to deter a challenge from activist shareholders through a costly proxy vote. We find strong empirical evidence that managers respond to the presence of activists using MDPs, that MDPs constitute an effective wealth transfer to shareholders, and that activists are less likel

APA, Harvard, Vancouver, ISO, and other styles

We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!