Can I read Mutual Funds and Market Timing Evidence on EtoBox?

Mutual Funds and Market Timing Evidence by Didar Rikhon is a document available to read on EtoBox.

What is Mutual Funds and Market Timing Evidence about?

This document summarizes a study that examines whether mutual funds have the ability to time the market by shifting their investments in response to changes in expected market returns. The study proposes new measures of market timing ability based on analyzing mutual fund portfolio holdings, rather than past fund returns. Analyzing holdings avoids issues with return-based measures and has more statistical power. The study finds that when using holdings-based measures, actively managed US equity funds show s

Author

Didar Rikhon

Language

EN