STOCK SELECTION TIMING SKILLS OF EQUITY FUND MANAGERS IN TURKEY

45389

In this study, the timing skills of stock fund managers have been investigated. This research has been implemented in Turkey and included 20 equity funds’ stock positions between 2015 and 2020. In the analysis made based on the specific funds in the research, no statistically significant difference was found between the subsequent performances of the stocks whose weight increased and decreased according to t-test results. Based on the overall performance of all funds, it was determined that the stocks whose weight has been increased have 1.8% higher performance compared to the stocks whose weight has been decreased, with a statistical significance of 1%. But there is no difference in performance between newly opened and completely closed positions. According to the findings of the research, it has been determined that equity funds have the timing skills especially in stocks whose weight has been increased.

137

Equity Funds , Timing Ability , Fund Managers

Abant Sosyal Bilimler Dergisi

155

Abant Sosyal Bilimler Dergisi