This paper analyses smart beta ETF performance and provides the first evidence on the
funds' performance persistence. Our sample is comprised of 152 US equity smart beta ETFs …

Since 2017, a large part of the educational institutions in Europe have been working on
initiatives to strategically strengthen the education platform, creating networks throughout …

Standard Fama-French-Carhart (FFC) models are widely used by academics to assess risk-
adjusted fund performance versus market, size, style and momentum factors. However, they …

In this paper, we assess the relationship between risk-shifting of mutual funds, measured as
benchmark-adjusted factor-based investment style change following a structural break, and …

ABSTRACT Standard Fama-French-Carhart models define 'winners' as funds that generate
the highest excess returns given the factor risks involved; however, they do not provide …

The author investigates stock returns surrounding activism-related stock sales. Previous
studies focus on the last sale of the hedge fund, while this article examines the initial sale of …

Bu çalışmada, Borsa İstanbul'daki hisse senedi fonlarının, karşılaştırma ölçütü seçimlerini ne
derece etkin yaptığı araştırılmıştır. 26 adet fonun dahil edildiği araştırmada 2010 ve 2020 …

Most mutual fund performance evaluation studies interpret fund alphas as the incremental
performance of managers in relation to passive benchmark indices, which should exhibit …

This empirical study comprehensively analyses the performance of active and passive
equity mutual funds in Saudi Arabia during 2010–2020. This analysis also encompasses …

This thesis studies actively managed exchange-traded funds (AETFs). In the first chapter, I
investigate the impact of daily holdings disclosure requirement on AETFs' activeness level …