DOES LEVERAGE PAY OFF? THE CASE OF EQUITY-LEVERAGED MUTUAL FUNDS
In this study we examine the risk-adjusted performance of a sample of U.S.-based enhanced index mutual funds that use leverage with the goal of generating return-multiples of its benchmark. We study equity-leverage funds that follow four major market indices, that is the Dow Jones Industrial Avera...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Tuwhera Open Access Publisher
2023-10-01
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| Series: | Applied Finance Letters |
| Online Access: | https://ojs.aut.ac.nz/applied-finance-letters/article/view/675 |