Practical Applications of Mutual Fund Returns and Their Characteristics: A Simple Approach to Selecting Better-Performing Actively Managed Funds

2021 ◽  
Vol 9 (1) ◽  
pp. 1.11-7
Author(s):  
Burton G. Malkiel ◽  
Atanu Saha
Keyword(s):  
Mutual Fund ◽  
Simple Approach ◽  
Practical Applications ◽  
Managed Funds

scholarly journals Fabry–Perot Cavity Sensing Probe with High Thermal Stability for an Acoustic Sensor by Structure Compensation

Sensors ◽  
2018 ◽  
Vol 18 (10) ◽  
pp. 3393 ◽  
Author(s):  
Jin Cheng ◽  
Yu Zhou ◽  
Xiaoping Zou
Keyword(s):  
Thermal Stability ◽  
Thermal Expansion ◽  
Cavity Length ◽  
High Reliability ◽  
Simple Approach ◽  
High Thermal Stability ◽  
Acoustic Sensor ◽  
Practical Applications ◽  
Fabry Perot ◽  
Expansion Model

Fiber Fabry–Perot cavity sensing probes with high thermal stability for dynamic signal detection which are based on a new method of structure compensation by a proposed thermal expansion model, are presented here. The model reveals that the change of static cavity length with temperature only depends on the thermal expansion coefficient of the materials and the structure parameters. So, fiber Fabry–Perot cavity sensing probes with inherent temperature insensitivity can be obtained by structure compensation. To verify the method, detailed experiments were carried out. The experimental results reveal that the static cavity length of the fiber Fabry–Perot cavity sensing probe with structure compensation hardly changes in the temperature range of −20 to 60 °C and that the method is highly reproducible. Such a method provides a simple approach that allows the as-fabricated fiber Fabry–Perot cavity acoustic sensor to be used for practical applications, exhibiting the great advantages of its simple architecture and high reliability.

Practical Applications of Relative Importance of Sustainability Measures and Costs in Mutual Fund Selection

2021 ◽  
Vol 9 (3) ◽  
pp. 1.7-6
Author(s):  
C. Edward Chang ◽  
Thomas M. Krueger ◽  
H. Doug Witte
Keyword(s):  
Mutual Fund ◽  
Relative Importance ◽  
Practical Applications

An Empirical Study on the Performance of Select Large Cap Equity Mutual Funds in India

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Samyabrata Das
Keyword(s):  
Mutual Funds ◽  
Asset Management ◽  
Mutual Fund ◽  
Human Element ◽  
Risk Return ◽  
Equity Mutual Funds ◽  
Equity Funds ◽  
Managed Funds ◽  
Opening Up ◽  
Fund Return

Since the opening up of the economy in the early 1990s, Indian mutual fund industry has witnessed fabulous quantitative growth. Funds which invest a larger proportion of their corpus in companies with large market capitalization are called large cap funds. Actively managed funds make use of a human element, such as a single manager, comanagers or a team of managers, to actively manage a fund's portfolio. The main objective of the study is to analyse the performance of select actively managed large cap equity funds in the line of risk-return parameters. This study is based on fourteen funds from twelve Asset Management Companies. All the funds are ranked under seven performance measures, namely, fund return, fund standard deviation, Sharpe Ratio, Treynor Ratio, return from systematic investment plan (SIP), Jensen Alpha, and RSQ, for five different time periods of 1-year, 3-year, 5-year, 7-year, and 10-year.

Tracking Efficiency of Exchange Traded Funds (ETFs)

Paradigm ◽  
2016 ◽  
Vol 20 (2) ◽  
pp. 176-190 ◽  
Author(s):  
Jaspal Singh ◽  
Prabhdeep Kaur
Keyword(s):  
Regression Analysis ◽  
Present Article ◽  
Mutual Fund ◽  
Negative Impact ◽  
Tracking Error ◽  
Evaluation Criteria ◽  
Panel Regression ◽  
Exchange Traded Funds ◽  
Tracking Ability ◽  
Managed Funds

Exchange traded funds (ETFs) have emerged as a new investment vehicle in the mutual fund industry providing investors with the ability to trade the entire market through a single transaction executed at the exchange. Using a sample of 12 equity ETFs from 1 April 2011 to 31 March 2015, the present article attempts to examine the performance efficiency of ETFs in India and explore factors that drive the performance of ETFs away from their target indices. The study reveals that ETFs exhibit significant tracking error while trying to replicate the returns of their benchmark indices. The results of panel regression analysis further reveal that the assets under management and volume positively affected the tracking ability of ETFs whereas volatility is reported to have negative impact on the tracking efficiency of ETFs. The results will have important implications for investors, managers as well as for the evaluation criteria involved in assessing the performance of actively managed funds.

Portfolio Pumping and Managerial Structure

2020 ◽  
Vol 34 (1) ◽  
pp. 194-226 ◽  
Author(s):  
Saurin Patel ◽  
Sergei Sarkissian
Keyword(s):  
Peer Effects ◽  
Mutual Fund ◽  
Career Concerns ◽  
Team Size ◽  
Family Policies ◽  
Local Networks ◽  
Portfolio Returns ◽  
Fund Governance ◽  
Managed Funds ◽  
Enforcement Policies

Abstract Using U.S. equity mutual fund data, we show that portfolio pumping—an illegal trading activity that artificially inflates year- and quarter-end portfolio returns—is more pronounced among single-managed funds compared with team-managed ones. The return inflation by team-managed funds is 45% lower than by single-managed funds at year-ends. Also, portfolio pumping decreases as team size increases. These results are driven by peer effects among teams and, sometimes, amplified by less convex flow-performance relation in team-managed funds. Our findings are robust to differences in fund governance, manager career concerns, local networks, fund family policies, and changes in the SEC’s enforcement policies.

Practical Applications of Adding Value in Student-Managed Funds: Benchmark and Sector Selection

2019 ◽  
Vol 6 (4) ◽  
pp. 1.12-6
Author(s):  
J. Christopher Hughen ◽  
Jack Strauss ◽  
J.P. Tremblay
Keyword(s):  
Practical Applications ◽  
Managed Funds
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