Does Size Affect Performance?

Name: Does Size Affect Performance?
Brand: VDM Verlag Dr. Müller
SKU: 9783639163032
Price: 51.06 EUR
Availability: InStock

A Study of Size-Driven Effects on Performance in Swedish Equity Mutual Funds

Автор: Eric Lindeen

Език:

Корици: С меки корици

Издател: VDM Verlag Dr. Müller

Наличност: Налично при издателя, по поръчка

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The impact of size on the returns of mutual funds §has long been the subject of interest in academic...

Информация за книгата

Автор

Eric Lindeen

Език

Английски език

Корици

Книга - С меки корици

Издадена

2009

страници

EAN

9783639163032

Enbook ID

06824712

Издател

VDM Verlag Dr. Müller

Теглоt

118

Размери

150 x 220 x 4

Пълно описание

The impact of size on the returns of mutual funds §has long been the subject of interest in academic §circles, however scholars have to date not managed §to reach any consensus as to what the relationship §looks like. This paper takes the question of size to §a new level by analyzing if size is an important §driver of performance due to its affect on factors §that are driving performance. We find that size as a §factor captures many and often opposing effects of §factors that drive performance differently depending §on a fund s size and evidence stemming from other §research misses to capture this complex §relationship. As much as size-driven factors such as §liquidity costs, economies of scale and extreme net §flows are affected by the size of a fund, they are §also likely to vary with the characteristics of §different markets and over time. We present the idea §that, given the correct analytical model, it would §be possible to derive the perfect fund size for a §specific market. Knowing how size affects the §performance of a fund is imperative for both §investors and fund managers seeking to maximize §returns.

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Does Size Affect Performance?

A Study of Size-Driven Effects on Performance in Swedish Equity Mutual Funds

Информация за книгата

Пълно описание

Може също да ви хареса

Клиенти, които купиха тази книга, купиха също