scholarly journals Mutual Fund Investment Style Consistency and Risk-adjusted Performance

MaRBLe ◽  
2017 ◽  
Vol 2 ◽  
Author(s):  
Justus Loick
Keyword(s):  
Mutual Fund ◽  
Investment Style ◽  
Fund Investment ◽  
Style Consistency

scholarly journals Investment Horizon and the Choice of Mutual Fund

2019 ◽  
Vol 14 (6) ◽  
pp. 76 ◽  
Author(s):  
Felicia Y. Amadi ◽  
Confidence W. Amadi
Keyword(s):  
Mutual Fund ◽  
Investment Horizon ◽  
Expected Return ◽  
Investment Style ◽  
Beta Coefficient ◽  
Fund Investment ◽  
The Relationship

The purpose of this study is to explore the relationship between the choice of mutual fund investment style and investor investment horizon. The investment style is characterized as a measure of the riskiness of the mutual fund and therefore the required/expected return of a mutual fund ranging from large cap value to small cap growth. The results of this study show that investment horizon and investment style are inter-related. Longer investment horizons are best suited for small cap value and small cap growth. In general, for each investment horizon, the large cap value style had the lowest expected return as evidenced by its beta coefficient. The investment style with the highest expected return depends on the investment horizon.

Market Timing and Mutual Fund Investment Performance

1984 ◽  
Vol 57 (1) ◽  
pp. 57 ◽  
Author(s):  
Eric C. Chang ◽  
Wilbur G. Lewellen
Keyword(s):  
Mutual Fund ◽  
Market Timing ◽  
Investment Performance ◽  
Fund Investment

scholarly journals MANAGERIAL ABILITIES AND FACTOR INVESTMENT STYLE PERFORMANCES OF MALAYSIAN MUTUAL FUND MANAGERS

2021 ◽  
Vol 6 (1) ◽  
pp. 118-135
Author(s):  
Pick-Soon Ling ◽  
Ruzita Abdul-Rahim
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Mutual Fund ◽  
Market Timing ◽  
Stock Selection ◽  
Investment Style ◽  
Fund Managers ◽  
Equity Mutual Funds ◽  
Timing Ability ◽  
Stock Picking

Background and Purpose: Studies focusing on mutual fund managerial abilities and investment style strategies are still scarce in the literature. Thus, this study aims to provide new evidence and insights into the managerial abilities and investment style performances of Malaysian fund managers.   Methodology: A total of 444 Malaysian equity mutual funds (EMFs) were evaluated using Carhart’s model incorporated with Treynor-Mazuy (T-M) and Henriksson-Merton (H-M) market timing models for the study period, from January 1995 to December 2017.   Findings: Fund managers displayed superior stock selection skills with 32 percent and 43 percent of funds for T-M and H-M respectively, with perverse market timing ability which accounted for 39 percent and 42 percent of funds for T-M and H-M respectively. Perverse timing ability had reduced the superior stock-picking skills of fund managers. This suggests that the EMFs performance could further improve if respective fund managers perform better in market timing ability. The finding also indicates that size effect (SMB) and value effect (HML) play significant roles in investment style strategies, while results of momentum factor (WML) propose that Malaysian fund managers have followed the contrarian strategy.   Contributions: This study contributes in several ways especially in the literature of portfolio management as the evidence is obtained from the largest mutual funds sample size and the longest study period. Moreover, this study also used the highest frequency data to study the effects of market timing which were overlooked in previous studies.   Keywords: Adjusted carhart, Malaysian market, market timing, mutual fund, stock selection.   Cite as: Ling, P-S., & Abdul-Rahim, R. (2021). Managerial abilities and factor investment style performances of Malaysian mutual funds.  Journal of Nusantara Studies, 6(1), 118-135. http://dx.doi.org/10.24200/jonus.vol6iss1pp118-135

scholarly journals On Mutual Fund Investment Styles

10.3386/w7215 ◽  
1999 ◽  
Author(s):  
Louis K.C. Chan ◽  
Hsiu-Lang Chen ◽  
Josef Lakonishok
Keyword(s):  
Mutual Fund ◽  
Investment Styles ◽  
Fund Investment

scholarly journals Improved Mutual Fund Investment Choice Architecture

2018 ◽  
Vol 20 (1) ◽  
pp. 96-106 ◽  
Author(s):  
Philip W. S. Newall ◽  
Katie N. Parker
Keyword(s):  
Mutual Fund ◽  
Choice Architecture ◽  
Investment Choice ◽  
Fund Investment

scholarly journals Does mutual fund investment influence accounting fraud?

2019 ◽  
Vol 38 ◽  
pp. 142-158 ◽  
Author(s):  
Yang Wang ◽  
John K. Ashton ◽  
Aziz Jaafar
Keyword(s):  
Mutual Fund ◽  
Accounting Fraud ◽  
Fund Investment
Sign in / Sign up

Export Citation Format

Share Document