Bond Mutual Funds vs. Bond Exchange Traded Funds: Evaluation of Risk Adjusted Performance
نویسندگان
چکیده
منابع مشابه
Risk-Adjusted Performance of Mutual Funds
T he number of mutual funds has grown dramatically in recent years. The Financial Research Corporation data base, the source of data for this article, lists 7,734 distinct mutual fund portfolios. Mutual funds are now the preferred way for individual investors and many institutions to participate in the capital markets, and their popularity has increased demand for evaluations of fund performanc...
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Exchange Traded Funds are equity issues of companies whose assets consist entirely of cash and shares of stock approximating particular indexes. These companies resemble closed end funds except for the unique feature that additional shares can be created or redeemed by a number of registered entities. This paper investigates the extent and properties of the resulting premiums and discounts of E...
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Let’s start with a disclaimer. Despite going to business school, neither of us is sitting on a beach living off investments; so please, take our comments bearing that in mind. In the current column, we explore two commonly used vehicles for investing in broad asset classes. They are exchange-traded funds (ETFs) and mutual funds. These assets are broadly held by plastic surgeons and by the inves...
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This paper comprehensively examines investor flows in corporate bond mutual funds. Despite extensive studies in equity funds, little is known about investor flows in bond funds which, with several distinct features, can offer new insights. Using a large sample of corporate bond funds, we first document that flows are sensitive to both fund performance and macro conditions. Then, we show that fl...
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Mutual funds are the best tool to mobilize savings and investments in an economy and Pakistan is the pioneer in South Asia, but this industry is not as much mature in comparison to its age in Pakistan. This paper examines the performance of closed ended mutual funds in Pakistan by using five different ranking measures during a period of January 2009 to December 2013 and the sample consists of o...
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ژورنال
عنوان ژورنال: Administrative Sciences
سال: 2019
ISSN: 2076-3387
DOI: 10.3390/admsci9020031