... be contacted at: vesa.puttonen@aalto.fi 08 02 2017 29 06 2017 11 10 2017 18 10 2017 27 10 2017 © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Financial performance Fund management Portfolio planning For mutual-fund...

... to the transaction cost involved in the necessary rebalancing of the underlying portfolio. He also argues that better timing of changes in portfolio composition because of index adjustments can lead to improved returns for the investor and even outperformance of the benchmark. Yet, he acknowledges that fund managers...

.... Nikolaos T. Milonas can be contacted at: nmilonas@econ.uoa.gr © Emerald Group Publishing Limited 2013 ETFs Intervalling effect Fund management Beta bias Stock exchanges Beta factor Beta is a widely used measure of securities' systematic risk and indicates the level of securities...

... and corporate valuations. David Nanigian can be contacted at: david.nanigian@theamericancollege.edu © Emerald Group Publishing Limited 2012 Investments Indexing Fund management Active management Passive management Index fund Index premium Demand curves for stocks S&P 500...

...George Comer; Norris Larrymore; Javier Rodriguez Purpose The purpose of this paper is to examine the value of active fund management using a sample of hybrid mutual funds. Design/methodology/approach Instead of using traditional risk‐adjusted measures, the paper employs an alternative...

.... Investors Unit trusts Flow of funds Fund management Behavioral economies The most voluminous set of critique of traditional finance questions the classical view of investors' rationality. Black (1986) laid the foundation by emphasizing the role of noise on a wide range of economic activities...

... diversification level than the Islamic funds. The results also suggest that fund managers are unable to correctly identify good bargain stocks and to forecast the price movements of the general market. Research limitations/implications The main limitation is that the samples of conventional and Islamic mutual...

...Wee‐Yeap Lau Purpose The Asian financial crisis revealed the weaknesses of Malaysian fund management industry. The financial losses incurred in the crisis brought forward the issue of asymmetric information between the fund managers and investors i.e. the mismatch between the investors’ investment...

... of which 110 funds are included in this study. The remaining 54 funds are excluded due to various reasons: 28 are not yet launched, three are closed ended funds and 23 are newly launched funds (less than one year). Out of these the price of two of the funds managed by Permodalan Nasional Berhad...

..., the performance of a specific index. The reason for this approach is the potential for a relatively attractive gain with minimal risk and management costs. Since out performing the market in a consistent manner is a difficult, if not an impossible task for any fund manager (see, for example Andrews et al...

... Spain Fund management Capital asset pricing model This article is organized as follows. Section 2 describes the performance measure under the stochastic discount factor framework and presents the different discount factors that we use. Section 3 describes our database of mutual funds...

...John Holland Purpose This paper aims to explore how fund managers (FMs) deal with major problems of ignorance and uncertainty in stock selection and in asset allocation decisions. Design/methodology/approach Interviews were conducted with 40 fund managers in the period October 1997 to January...

...Kevin Chiang; George M. Frankfurter; Arman Kosedag; Bob G. Wood, Jr Purpose To study the perception of dividends by the professional investor, for whom mutual fund managers are a proxy. The main line of research in dividends is based on using market data that are fit, ex post...