Replicating top-performing mutual fund returns using ETFs : more bang for the buck.

• Main Authors: Kenneth, Sin., Lim, Wan Peng., Wong, Hong Jie.
• Other Authors: Charlie Charoenwong
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Finance::Asset allocation
• Online Access: http://hdl.handle.net/10356/51391
• Institution: Nanyang Technological University

This study extends the existing literature on analysing the performance of open-end mutual funds through style analysis. Unlike previous studies which focus on market indexes, we leverage on investable market ETFs to replicate mutual fund returns and assess the skills of fund managers. Our replicati...