Literature review on mutual funds

This study therefore aims to build on the current literature by assessing all these relevant studies. Socially responsible mutual ght © informatics publishing & conditions | privacy policy | asian journal of marketing & management asian journal of marketing & management to verify readers for authors for 3, no 11 (2013) > hed: 2013-11-02.

Literature review on investors perception towards mutual funds

For this a sample of 50 large us-based international equity funds was taken and a new method of measurement modigliani and modigliani (m squared) was applied. Study concluded that it was better for the investors to purchase a low expense index fund than to select an active fund et al.

The results showed that value-weighted and equal-weighted portfolios of 800 mutual funds underperform the single-index benchmark by approximately 7. Your investmentsbe an informed investortypes of investmentsfund facts: interactive samplestart-up crowdfunding faqstypes of crowdfundingrisks of crowdfundingyoung investorsavoiding fraudknow the red flags of fraudcommon frauds and scamsforex resourcesreport a scambluehedge investments fraud campaignbrochuresseeking compensationpublicationsresearchrelated linksmy local investor educationoverviewdisciplined listinvestor alertssearchtipsactivity reportsoverviewdetermining where a cto has effectcoverage by jurisdictionabout cusip datasearch tipsoverviewregistration informationnational registration searchsearch tipsoverviewaccess rules & policiesissuer informationfee guideinsider reportingexception reportingnew - csa regulatory sandboxreports of exempt distributionxbrl filingdealer/adviser registrationadditional informationrelated linkshow to determine the value of an old stock immediate releasejune 11, an securities regulators publish mutual fund fee literature o – the canadian securities administrators (csa) today published the mutual fund fee research report prepared by the brondesbury group (brondesbury report).

1997), the performance of japanese mutual funds, the review of financial studies, 10, 2, , oliver and macro (2009), the performance of investment grade corporate bond funds: evidence from the european market, the european journal of finance, 15, 2, att and sheridan (1992), the persistence of mutual fund performance, the journal of finance, 47, 5, sson (1984), market timing and mutual fund performance: an empirical investigation, the journal of business, 57, 1, to (1989) efficiency with costly information: a study of mutual fund performance, 1965-1984, the quarterly journal of economics, 104, 1, (1968), the performance of mutual funds in the period 1945-1964, journal of finance, 23, 2, and cortez (2006), “conditional performance evaluation: evidence from the portuguese mutual fund market”, working paper, university of et al. Results also indicated that the risk-adjusted performance of larger and older funds, and funds charging lower fees was i (1971), another look at mutual fund performance, journal of financial and quantitative analysis, 6, lan, and ajay (2007), evaluating large us-based equity mutual funds using risk-adjusted performance measures, international journal of commerce and management, 17, 1/2, aux and suzanne (2007), empirical analysis of international mutual fund performance, international business & economics research journal, 6, and jack (1990), evaluating the performance of international mutual funds.

Research also concluded that the mutual funds were efficient in the trading and information-gathering activities. The effect of incorporating lagged information variables into the evaluation of mutual fund managers’ performance is examined in the indian context.

For this purpose a sample of eight of the oldest french mutual funds was taken. Sample of 19 investment-grade corporate bond funds was used for the period of 5 years (july 2000 – june 2005).

Study used a data set that included all german funds sold to the public in 1972. People for (1966) in order to evaluate the risk-adjusted performance of mutual funds introduced the measure known as reward-to-variability ratio (currently sharpe ratio).

Then after excluding funds whose returns are less than risk-free returns, 58 schemes are finally used for further analysis. I have summarized the conclusions of all the studies so that the reader will get the idea on what studies has been conducted on mutual funds.

The authors also examined the performance of the funds relative to the morgan stanley index for the united states and found some evidence that the funds outperform the u. With the help of this ratio he evaluated the return of 34 open-end mutual funds in the period 1945-1963.

Therefore study concluded that the past performance of a fund provides useful information for investors who were considering an investment in mutual funds. The author concluded that those funds which invested in the french market in 1964-69 generally achieved lower return at a given level of variance than that reflected in the u.

One of the most frequently addressed topics in the current literature is that of mutual fund performance. The impact of shrouded fees: evidence from a natural experiment in the indian mutual funds market.

Sharpe (1966) found that from 1954 to 1963 only 11 funds outperformed the dow-jones industrial average (djia) while 23 funds were outperformed by the djia. Study also concluded that the large german stock mutual funds, on the average, performed better than the small ones.

The impact of shrouded fees: evidence from a natural experiment in the indian mutual fund , s. In case of the rates of return of individual funds, results showed that the funds underperform the appropriate benchmarks by approximately 1.

The authors concluded that investors may not fully take advantage of possible portfolio risk reduction and higher returns if international mutual funds were lan and ajay (2008) examined the risk-adjusted performance of us-based international equity funds from 1994-2003. Stock mutual funds underperform on a risk adjusted the funds that contained all international mutual funds.

Study was conducted by otten, and mark (2002) to compare the performance of european mutual fund industry with performance of united states fund industry. For this purpose a sample of 115 open end mutual funds (for which net asset and dividend information was available) was taken for the period 1955-1964.