Managed fund attributes and performance

Yap, Chee Jin, Pierce, Raylene and Paisley, Aaron 2008, Managed fund attributes and performance, in AFAANZ/IAAER 2008 : Conference proceedings of the Accounting and Finance Association of Australia and New Zealand and International Association for Accouting Education and Research Conference, AFAANZ/IAAER, [Sydney, N.S.W.].

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Title Managed fund attributes and performance
Author(s) Yap, Chee Jin
Pierce, Raylene
Paisley, Aaron
Conference name Accounting and Finance Association of Australia and New Zealand and International Association for Accouting Education and Research Conference (2008 : Sydney, New South Wales)
Conference location Sydney, New South Wales
Conference dates 6-8 July 2008
Title of proceedings AFAANZ/IAAER 2008 : Conference proceedings of the Accounting and Finance Association of Australia and New Zealand and International Association for Accouting Education and Research Conference
Editor(s) [Unknown]
Publication date 2008
Conference series Accounting and Finance Association of Australia and New Zealand and International Association for Accounting Education and Research Conference
Total pages 41
Publisher AFAANZ/IAAER
Place of publication [Sydney, N.S.W.]
Summary This cross-sectional study goes beyond the traditional performance evaluation of managed funds and extends the literature to consider fund-specific attributes that influence performance.. Using a sample of 168 Australian open-ended equity funds, the risk adjusted performance is measured using three alternative evaluation techniques. We found funds with higher management fees and senior in age have contributed to the underperformance. Along with the traditional attributes identified by the literature. market capitalisation of the security held by the fund is included as a unique attribute with significant results indicating that funds targeting small capitalisation companies display superior performance.
Language eng
Field of Research 150205 Investment and Risk Management
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category E1.1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30023928

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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