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Oliveira, L., Salen, T., Curto, J. D. & Ferreira, N. (2019). Market timing and selectivity: an empirical investigation of European mutual fund performance. International Journal of Economics and Finance. 11 (2)
L. A. Oliveira et al., "Market timing and selectivity: an empirical investigation of European mutual fund performance", in Int. Journal of Economics and Finance, vol. 11, no. 2, 2019
@article{oliveira2019_1732201063064, author = "Oliveira, L. and Salen, T. and Curto, J. D. and Ferreira, N.", title = "Market timing and selectivity: an empirical investigation of European mutual fund performance", journal = "International Journal of Economics and Finance", year = "2019", volume = "11", number = "2", doi = "10.5539/ijef.v11n2p1", url = "http://www.ccsenet.org/journal/index.php/ijef/article/view/0/38049" }
TY - JOUR TI - Market timing and selectivity: an empirical investigation of European mutual fund performance T2 - International Journal of Economics and Finance VL - 11 IS - 2 AU - Oliveira, L. AU - Salen, T. AU - Curto, J. D. AU - Ferreira, N. PY - 2019 SN - 1916-971X DO - 10.5539/ijef.v11n2p1 UR - http://www.ccsenet.org/journal/index.php/ijef/article/view/0/38049 AB - Using the models proposed by (Treynor & Mazuy, 1966; Henriksson & Merton, 1981), the present study examines the selection and timing abilities of mutual fund managers to denote the practice of these strategies as a means to achieve superior performance. For the 163 European equity mutual funds that followed active management strategies between January 2000 and December 2016, there was no evidence that fund managers used market timing abilities to anticipate the market movements. However, the selectivity component of returns presents slightly positive results, despite the poor overall performance. ER -