DocumentCode
1696492
Title
Performance appraisal of international equity mutual funds
Author
Ayadi, Mohamed A. ; Jedidi, Helmi ; Kryzanowski, Lawrence
Author_Institution
Dept. of Finance, Oper., & Inf. Syst., Brock Univ., St. Catharines, ON, Canada
fYear
2015
Firstpage
1
Lastpage
12
Abstract
This study provides a comprehensive empirical analysis of the performance of a large sample of 1,471 Canadian international equity mutual funds over the period 1988-2008. We find that the performance statistics are sensitive to the selected benchmark model and conditional specification. Fund selectivity underperformance is partially explained by higher expenses. Bootstrap tests reveal a substantial number of significantly skilled funds in the right tail of the cross-sectional distribution.
Keywords
finance; statistical analysis; Canadian international equity mutual funds; bootstrap tests; performance statistics; Benchmark testing; Indexes; Instruments; Investment; Mutual funds; Portfolios; Security; Performance measurement; bootstrap; conditioning; international and global funds;
fLanguage
English
Publisher
ieee
Conference_Titel
Web Applications and Networking (WSWAN), 2015 2nd World Symposium on
Conference_Location
Sousse
Print_ISBN
978-1-4799-8171-7
Type
conf
DOI
10.1109/WSWAN.2015.7210311
Filename
7210311
Link To Document