This paper analyzes the selection ability of Italian mutual fund managers. Using a range of measurement techniques we reach the conclusion that mutual fund managers do not show a significant stock selection ability once portfolio allocation and dynamic exposure adjustment have been properly assessed.
The Selection Ability of Italian Mutual Fund Managers
NAVONE, MARCO;
2004
Abstract
This paper analyzes the selection ability of Italian mutual fund managers. Using a range of measurement techniques we reach the conclusion that mutual fund managers do not show a significant stock selection ability once portfolio allocation and dynamic exposure adjustment have been properly assessed.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
