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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| 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 |