A Return-Based Approach to Identify the Home Bias of European Equity Funds

2016 ◽  
Author(s):  
Moritz Maier ◽  
Hendrik Scholz
Keyword(s):  
Home Bias ◽  
Equity Funds ◽  
European Equity

A return-based approach to identify home bias of European equity funds

2018 ◽  
Vol 24 (15) ◽  
pp. 1288-1310 ◽  
Author(s):  
Moritz Maier ◽  
Hendrik Scholz
Keyword(s):  
Home Bias ◽  
Equity Funds ◽  
European Equity

Euro-area events will affect Greek return to markets

2018 ◽  
Keyword(s):  
Euro Area ◽  
Content Type ◽  
Investor Confidence ◽  
Market Sentiment ◽  
Recent Growth ◽  
Equity Funds ◽  
Debt Market ◽  
Cash Reserves ◽  
European Equity

Subject Market sentiment towards Greece. Significance Bonds issued recently by the Hellenic Telecommunications Organisation (OTE) are part of a concerted government effort to regain access to the markets on a sustainable basis, as the country prepares to exit its bailout programme on August 20. While last month’s deal between Athens and its creditors to extend repayment deadlines on nearly 100 billion euros (117 billion dollars) of bailout loans has buoyed investor confidence, the illiquidity of Greece’s debt market, coupled with a plethora of economic and financial vulnerabilities, will make it difficult to sustain access to markets. Impacts Greece’s cash reserves of 22 billion euros should be sufficient to cover the country’s financing needs for the next two years. Outflows from European equity funds are being fuelled by concerns about Italy’s commitment to the euro-area and the recent growth slowdown. The leading gauge of banking shares in Europe, the Stoxx Europe 600 banks index, is at its lowest level since December 2016.

scholarly journals Mutual fund performance: Some recent evidence from European equity funds

2021 ◽  
Vol 66 (230) ◽  
pp. 7-33
Author(s):  
Milos Bozovic
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
The United States ◽  
Fund Performance ◽  
Equity Investment ◽  
Asset Pricing Anomalies ◽  
Pricing Anomalies ◽  
Equity Funds ◽  
European Equity ◽  
Passive Strategy

This paper studies the performance of mutual funds that specialise in equity investment. We use a sample of the top sixteen actively managed European equity funds operating in the United States between July 1990 and November 2020. Using standard factor models, we show that none of our sample funds generated a positive and significant alpha. The observed funds could not outperform a simple passive strategy that involves tradeable European benchmark portfolios in the longer run. As a rule, the funds in our sample did not exploit the known asset pricing anomalies.

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