Sökning: "Fund Skill"

Visar resultat 1 - 5 av 19 uppsatser innehållade orden Fund Skill.

  1. 1. Do Swedish fund managers create value? A study on the skill of fund managers of actively managed Swedish funds

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Charlie Blidén; Christoffer Wielbass; [2024]
    Nyckelord :Managerial Skill; Mutual Funds; Value Added; Crisis and No-Crisis; Green and Brown Funds;

    Sammanfattning : This thesis investigates the performance and skill of fund managers in the Swedish mutual fund industry, challenging the traditional view that actively managed funds underperform the market. Utilizing a novel approach, the study defines skill as 'realized value added', which incorporates gross alpha and assets under management. LÄS MER

  3. 2. The illiquidity exposure factor: An overlooked driver of mutual fund performance

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :Jakob Häger; Tim Hansson; [2023-06-29]
    Nyckelord :Illiquidity; liquidity; mutual funds; fund performance; factor models; alpha;

    Sammanfattning : This paper examines if Swedish-focused mutual funds with more illiquid holdings produce higher alpha. By extending the classic Fama and French five-factor model, we pinpoint the effect of illiquidity in underlying holdings on mutual fund alpha generation through a two-step regression model with data between 2019-2022. LÄS MER

  4. 3. Skill, Scale and Investor Return in Established and Emerging Markets - An empirical study of equity mutual fund performance between markets with contrasting characteristics

    Kandidat-uppsats,

    Författare :Olle Fröling; Olle Wingstrand; [2022-06-29]
    Nyckelord :Equity Mutual Funds; Decreasing Returns to Scale; Alpha; Fund Skill; Fama-French Five-Factor Model; Nordic Equity Funds; Asian Equity Funds; Fixed Effects;

    Sammanfattning : In this report we empirically analyze the effects of returns to scale for equity mutual funds in the Nordic and Asian regions. We also investigate whether or not funds generate alpha (i.e., have skill). LÄS MER

  5. 4. Does managerial skill exist? - A study of value added and its impact on mutual fund performance

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :Tony Sarossy; Hanna Marta Bojanowicz; [2021-06-30]
    Nyckelord :;

    Sammanfattning : This thesis investigates and compares the relationship between managerial skill and its impact on open-end mutual fund performance in terms of net alpha. The approach is to study managerial skill measured in terms of value added. LÄS MER

  7. 5. The Existence of Skilled Fund Managers: A Study on Actively Managed Mutual Funds in the US Market

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Gustaf Eklöw; Joel Wigsén; [2021]
    Nyckelord :Mutual Fund Performance; Skill; Active Management; Alpha;

    Sammanfattning : This paper uses a dataset of 19 689 domestic actively managed mutual funds in the US market during 1980-2020 to find the proportions of skilled- and unskilled funds. The method is based on the false discovery approach applied in a financial setting. We conclude that 58% of our sample are zero-alpha funds, 42% unskilled, and 0% skilled. LÄS MER