Factors Affecting Stock Selection and Market Timing Ability Between the Developed Country and Emerging Countries in Asean Markets

Objective: This research is designed to propose empirical evidence on factors affecting stock selection ability and market timing ability. Theoretical framework: Recent found that most equity mutual funds underperform the return due a lack of abilities. However, rarely do they existence these abilities Method: There are two-panel regression models developed in this show The Dumitrescu–Hurlin (DH) test used gain comprehensive understanding causality relationship between variables Results Conclusion: Based observation three ASEAN countries, proposes growth fund size, volatility fund’s net asset value (NAV), performance indicators underlying assets affect differently respective countries. Similarly, NAV, macroeconomic also Implications research: Therefore, implementation investment strategies observed markets considers two abilities, effectively generating outperforming returns. Originality/value: studies focused more whether managed with but not those different through econometrics analyses panel data Dumitrescu–Hurlincausality test.