Performance Persistence Investigation in Equity Mutual Funds

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Hosseini Mahsa; KHODAEI VALAHZAGHARD MOHAMMAD; SAEEDI ALI

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE Year:2019 | Volume:8 | Issue:4 (24) Page(s): 63-77

Download Full-Text

Persian Verion

View:

451

Download:

Cites:

Information Journal Paper

Title

Performance Persistence Investigation in Equity Mutual Funds

Author(s)

Hosseini Mahsa | KHODAEI VALAHZAGHARD MOHAMMAD | SAEEDI ALI | Issue Writer Certificate

Keywords

Performance PersistenceQ2

Manipulation-Proof Performance MeasureQ1

Mutual FundQ1

Abstract

The aim of this research is to investigate Performance Persistence in equity Mutual Funds at 1 and 12-month horizons. To this end, the Manipulation-Proof Performance Measure (MPPM) derived by Goetzmann et al. (2007) along with a number of current performance measures such as Treynor, Sharpe, Jensen’ s Alpha and Sortino was used to measure the performance of equity Mutual Funds. The results show that in the time period of the research from March 2013 to March 2017, in each of the 1 and 12-month horizons, the performance of upper tertile portfolios based on all research measures is significantly higher than the performance of bottom tertile portfolios which it indicates Performance Persistence in equity Mutual Funds. In addition to, the similarity of the results of using Manipulation-Proof Performance Measure with current performance measures also indicates that the Performance Persistence is not due to manipulation.

Cites

No record.

References

No record.

Cite

APA: Copy

Hosseini, Mahsa, KHODAEI VALAHZAGHARD, MOHAMMAD, & SAEEDI, ALI. (2019). Performance Persistence Investigation in Equity Mutual Funds. JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE, 8(4 (24) ), 63-77. SID. https://sid.ir/paper/408463/en

Vancouver: Copy

Hosseini Mahsa, KHODAEI VALAHZAGHARD MOHAMMAD, SAEEDI ALI. Performance Persistence Investigation in Equity Mutual Funds. JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE[Internet]. 2019;8(4 (24) ):63-77. Available from: https://sid.ir/paper/408463/en

IEEE: Copy

Mahsa Hosseini, MOHAMMAD KHODAEI VALAHZAGHARD, and ALI SAEEDI, “Performance Persistence Investigation in Equity Mutual Funds,” JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE, vol. 8, no. 4 (24) , pp. 63–77, 2019, [Online]. Available: https://sid.ir/paper/408463/en

Related Journal Papers