Is anti-herding always a smart choice? Evidence from mutual funds

Is anti-herding always a smart choice? Evidence from mutual funds

Recent empirical studies document a negative relation between herding behaviour and the skill of mutual fund managers. We explore this relationship further by focusing on fund managers' contrarian buy and sell behaviour against the market. Our study reveals an asymmetry in the performance of mu...

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Bibliographic Details
Main Authors: LEE, John Byong-Tek, MA, Jun, MARGARITIS, Dimitris, YANG, Wanyi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
Buy and sell asymmetry
Contrarian trading
Herding
Mutual funds
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/skbi/30
https://ink.library.smu.edu.sg/context/skbi/article/1029/viewcontent/Anti_herding_av.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/skbi/30
https://ink.library.smu.edu.sg/context/skbi/article/1029/viewcontent/Anti_herding_av.pdf

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