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dc.contributor.authorZou, Len_US
dc.contributor.authorTang, Ten_US
dc.contributor.authorLi, Xen_US
dc.contributor.authorYoung, Men_US
dc.coverage.spatialHo Chi Minhen_US
dc.date.available2019-07-10en_US
dc.date.issued2019-07-10en_US
dc.identifier.citation2019en_US
dc.description.abstractThis paper provides a comprehensive analysis on the relationship between the mutual funds style consistency and performances in China. Using characteristic-based and factor-based analysis, our results indicate that mutual fund managers have stock picking talents over time, with relative weak ability to time the market. Style investments contribute the most to funds’ gross returns. Active funds exhibit lower style consistency but still realise better net returns compared to their passive counterparts. Results further suggest that mutual fund managers who concentrate their holdings in certain industries perform better after controlling for common risk factors. Therefore, we conclude that Chinese mutual fund managers have better industry selection ability.en_US
dc.rightsThe Author(s)en_US
dc.sourceAsian FA 2019 Annual Conferenceen_US
dc.subjectstyle consistency, mutual funds, industry concentrationen_US
dc.titleStyle Consistency and Industry Concentration of Chinese Mutual Fundsen_US
dc.typeConference Paper
dc.date.finish-date2019-06-09en_US
dc.date.start-date2019-07-07en_US
dc.description.confidentialfalseen_US
dc.identifier.elements-id424159
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Economics and Finance
dc.identifier.harvestedMassey_Dark
pubs.notesNot knownen_US


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