Review of new trends in the literature on factor models and mutual fund performance
In this paper we provide critical review of recent developments in the mutual fund
performance evaluation literature. The new literature centres around two main themes …
performance evaluation literature. The new literature centres around two main themes …
Use of active peer benchmarks in assessing UK mutual fund performance and performance persistence
The majority of UK style-specific mutual funds either report a broad market index as their
prospectus benchmark or give no benchmark at all–a practice that may be (a) strategic, or …
prospectus benchmark or give no benchmark at all–a practice that may be (a) strategic, or …
Mutual fund performance: Using bespoke benchmarks to disentangle mandates, constraints and skill
A Beber, MW Brandt, J Cen, KA Kavajecz - Journal of Empirical Finance, 2021 - Elsevier
While no two mutual funds are alike in terms of their mandates and constraints, metrics used
to evaluate fund performance relative to peers typically fail to account for these differences …
to evaluate fund performance relative to peers typically fail to account for these differences …