scholarly journals The Performance of Corporate-Bond Mutual Funds: Evidence Based on Security-Level Holdings

2010 ◽  
Author(s):  
Gjergji Cici ◽  
Scott Gibson
Keyword(s):  
Mutual Funds ◽  
Corporate Bond ◽  
Security Level ◽  
Evidence Based ◽  
Bond Mutual Funds

Performances and Flows of Corporate-Bond Mutual Funds

2007 ◽  
Author(s):  
Roberto C. Gutierrez ◽  
William F. Maxwell ◽  
Danielle Xu
Keyword(s):  
Mutual Funds ◽  
Corporate Bond ◽  
Bond Mutual Funds

Corporate bond mutual funds and asset fire sales

2020 ◽  
Vol 138 (2) ◽  
pp. 432-457 ◽  
Author(s):  
Jaewon Choi ◽  
Saeid Hoseinzade ◽  
Sean Seunghun Shin ◽  
Hassan Tehranian
Keyword(s):  
Mutual Funds ◽  
Corporate Bond ◽  
Fire Sales ◽  
Bond Mutual Funds

scholarly journals Reaching for Yield in Corporate Bond Mutual Funds

2017 ◽  
Vol 31 (5) ◽  
pp. 1930-1965 ◽  
Author(s):  
Jaewon Choi ◽  
Mathias Kronlund
Keyword(s):  
Mutual Funds ◽  
Corporate Bond ◽  
Reaching For Yield ◽  
Bond Mutual Funds

scholarly journals The Performance of Corporate Bond Mutual Funds: Evidence Based on Security-Level Holdings

2012 ◽  
Vol 47 (1) ◽  
pp. 159-178 ◽  
Author(s):  
Gjergji Cici ◽  
Scott Gibson
Keyword(s):  
Mutual Fund ◽  
Fund Performance ◽  
Corporate Bond ◽  
Active Management ◽  
Security Level ◽  
Stock Selection ◽  
Fund Managers ◽  
Equity Funds ◽  
Bond Mutual Funds ◽  
Bond Characteristics

AbstractThis is the first study of corporate bond mutual fund performance that examines detailed security-level holdings and returns. The new database allows us to decompose the costs and benefits of active management. In contrast to prior research on equity funds that shows evidence of stock-selection ability, we do not find evidence consistent with bond fund managers, on average, being able to select corporate bonds that outperform other bonds with similar characteristics. We find neutral to weakly positive evidence of ability to time corporate bond characteristics. Overall results show that the costs of active management on average appear larger than the benefits.

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