This paper analyses the risk-adjusted performance of Islamic and conventional equity funds
during the COVID-19 pandemic. We show that Islamic equity funds demonstrated …

The likelihood of pandemics has been perceived very low till very recently. Therefore, the
exponential spread of Covid-19 was a major surprise that has resulted in a global rout of …

This study uses theoretical arguments from the psychology and financial decision-making
literature to assess the extent to which investor sentiment contributes to explaining the size …

We introduce a new holdings-based procedure to identify whether a mutual fund has a
benchmark discrepancy, which we define as a benchmark other than the prospectus …

The main goal of this study is to examine the return explanation strengths of the Carhart four-
factor, the Fama–French three-factor, and the single-factor models in the context of the …

Abstract Environmental, Social, and Governance (ESG) ratings feature statistical and
economic problems undermining their reliability as valid proxies for corporates' social …

This study investigates the motivation and performance consequence of intentional style drift
in an exclusively in-house fund management industry in China. With style drift, fund …

Style drift contributes to mutual fund performance at the cost of additional risks associated
with styles. We find that, although style drift enhances the net return of Chinese mutual funds …

Mutual funds regularly issue factsheets to communicate their performance in a short
summary form. I investigate whether the release of factsheets in Morningstar plays a role in …

The impact of mutual fund managers' investment behavior, such as chasing hot trends and
betting on specific sectors through frequent cross-industry rebalancing, on future …