Mutual Fund Industry Selection and Persistence

Mutual Fund Industry Selection and Persistence

We analyze mutual fund industry selectivity — the performance of a fund’s industry allocation relative to the market. We find that industry selection accounts for a full third of fund performance based on two-digit SIC codes, with the remaining attributable to the performance of individual stocks re...

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Bibliographic Details
Main Authors: BUSSE, Jeffrey A., TONG, Qing
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
mutual funds
persistence
industry selection
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2956
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3955/viewcontent/MutualFundIndustrySelectionPersistence_2012_afv.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/2956
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3955/viewcontent/MutualFundIndustrySelectionPersistence_2012_afv.pdf

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