scholarly journals On the Style Switching Behavior of Mutual Fund Managers

2012 ◽  
Author(s):  
Bart Frijns ◽  
Aaron B. Gilbert ◽  
Remco C. J. Zwinkels
Keyword(s):  
Mutual Fund ◽  
Switching Behavior ◽  
Mutual Fund Managers ◽  
Fund Managers ◽  
Style Switching

On the Style-Based Feedback Trading of Mutual Fund Managers

2016 ◽  
Vol 51 (3) ◽  
pp. 771-800 ◽  
Author(s):  
Bart Frijns ◽  
Aaron Gilbert ◽  
Remco C. J. Zwinkels
Keyword(s):  
Negative Feedback ◽  
Mutual Fund ◽  
Trading Behavior ◽  
Mutual Fund Managers ◽  
Switching Model ◽  
Fund Managers ◽  
Style Switching ◽  
Feedback Trading

AbstractThis paper examines the style-based feedback trading behavior of U.S. mutual fund managers. We provide an empirical version of Barberis and Shleifer’s style-switching model. We find style-based feedback trading for 77% of the funds, half of which is positive (negative) feedback trading. There is evidence for “twin style” switching, where capital is channeled between value and growth, and between large- and small-cap. Growth (value) funds apply more positive (negative) feedback trading. Funds that switch more aggressively are younger and have higher expense ratios. Finally, we find that positive (negative) feedback trading yields positive (negative) alpha.

Peer versus Pure Benchmarks in the Compensation of Mutual Fund Managers

2019 ◽  
Author(s):  
Richard B. Evans ◽  
Juan-Pedro Gomez ◽  
Linlin Ma ◽  
Yuehua Tang
Keyword(s):  
Mutual Fund ◽  
Mutual Fund Managers ◽  
Fund Managers

When Mutual Fund Managers Write Confidently

2019 ◽  
Author(s):  
Qianzhou Du ◽  
Yawen Jiao ◽  
Pengfei Ye ◽  
Weiguo Fan
Keyword(s):  
Mutual Fund ◽  
Mutual Fund Managers ◽  
Fund Managers
Sign in / Sign up

Export Citation Format

Share Document