Mutual fund management system
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Mutual fund management system




Mutual fund performance, management behavior, and investor costs
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ABSTRACT We examine pure no-load funds over a 5-year period. For equity funds, trading activity is negatively related to returns. Expense ratios are not significantly related to returns. Potential capital gains exposure and tax cost ratio are positively related to return. For fixed 

Are mutual fund shareholders compensated for active management bets
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ABSTRACT This paper analyzes the investment returns of shareholders in US domestic equity mutual funds over a 26-year period, focusing on whether fund managers taking bigger portfolio-bets have better stockpicking skills. We find that funds with higher levels of 

Clustering financial data for mutual fund management
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In this paper, an analysis of the performances of an active and quantitative fund management strategy is presented. The strategy consists of working with a portfolio constituted by 30 equally-weighted stock assets selected from a basket of 397 stock 

Self-interest on mutual fund management: evidence from the Portuguese market
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ABSTRACT Institutional investors manage an increasingly substantial share of securities in the developed markets. Previous research has concluded that mutual funds' clients do have asymmetric reactions, for they increase capital flows to mutual funds that are winners in 

The results of mutual fund management
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One of the recurrent subjects dealt with in the financial literature is whether management adds value to the results obtained by portfolio managers. Specifically, the aim is to determine whether the results persist over time, and thus whether future returns can be 

Fitness of Use Criteria for Price Index Deflators in National Income Accounting A Case Study:Mutual Stock Fund Management
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ABSTRACT Most statistical agencies in developed countries are working to expand the coverage of their price indexes to better represent the services sector. Relative to the durable and non-durable goods producing sectors, services often present measurement 

MUTUAL FUND MANAGEMENT IN REAL TIME, BY THE USE OF THE BALANCED SCORECARD
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LF Agudo, MV Magallón ,ice.unizar.es ABSTRACT In this work the authors emphasize the use of the balanced scorecard as an information processing system which enables the mutual fund manager to implement a real- time management of the relationship between a group of macroeconomic variables and 

Management structure and the risk of mutual fund managers
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LL Bryant, HC Liu ,aabri.com ABSTRACT This paper provides a detailed discussion of the relationship between mutual fund management structure, fund risk and performance. We utilize the unique management structures of mutual fund investment companies were a manager operates one fund ( 

Moral Hazard in Mutual Fund Management: The Quality-Assuring Role of Fees
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ABSTRACT We model the role of fees in assuring the quality of active mutual fund management. Active management is an experience good subject to moral hazard; investors cannot tell high quality from low quality until after the fact. An active manager might promise to incur 

The Dynamic of Management Fees in the Mutual Fund Industry
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ACD Mendoza, MM Sedano ,efmaefm.org ABSTRACT The aim of this paper is to analyse dynamic price-setting (through changes in management fees) in the Spanish mutual fund industry. The study is applied to a sample of Spanish mutual funds from 2002 to 2007. Management fee changes account for only 4% 

The dynamics of mutual fund management
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JPB de España ,unioviedo.es ABSTRACT This paper investigates the time-varying properties of fund betas. The study demonstrates that fund beta is not constant and proposes different model specifications to adjust the underlying structure of the daily time-series. These methods include the Kalman 

Why is Persistent Mutual Fund Performance so Difficult to Achieve? The Impact ofManagement Turnover and Fund Flows
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ABSTRACT The objective of this research is to investigate the impact that fund flows and management turnover have on the investment performance of actively managed equity mutual funds over time. Both fund flows and manager turnover have been identified in the 

Modern Approaches in the Evaluation of Management Skill in the Mutual Fund Industry
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Portfolio management evaluation has been a central topic of financial research since the late 1960ies and continues to be a vibrant area of scientific inquiry for several reasons: From a theoretical standpoint, the detection of superior portfolio management skill questions the 

MANAGING RISK IN MUTUAL FUND COMPANIES THROUGH ENTERPRISE RISKMANAGEMENT IN PAKISTAN
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N Jaweed, M Wadood, S Akhter , AMERICAN CUISINE; HOW ,development.sbu.edu ABSTRACT This paper discusses the risks related to Mutual funds companies in Pakistan. The paper has identified and addressed the risks faced by Mutual fund companies through the implementation of enterprise risk management model, COSO framework. It is a method 

The Effect of Idiosyncratic Risk on Mutual Fund Flows and Management Fees
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L Casavecchia, H Hulley ,australiancentre.com.au ABSTRACT We identify for the first time the crucial role played by idiosyncratic risk as a determinant of performance persistence, flow-performance sensitivity and management fees charged to fund shareholders. Using a sample of US equity mutual funds, we show that 


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