Selectivity and market timing ability of mutual fund houses in emerging countries
The paper investigates the selectivity and market timing ability of fund houses in emerging countries. The study uses comprehensive performance models on fund houses from four emerging countries. Data span is from 2007 to 2018. Findings indicate that fund managers benefit from the common facilitie...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2021
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| Online Access: | https://repo.uum.edu.my/id/eprint/28154/1/document%20%282%29.pdf https://doi.org/10.32890/ijbf2021.16.1.2 |
| _version_ | 1825805759186731008 |
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| author | Atta, Anas Ahmad Bani Marzuki, Ainulashikin |
| author_facet | Atta, Anas Ahmad Bani Marzuki, Ainulashikin |
| author_sort | Atta, Anas Ahmad Bani |
| collection | UUM |
| description | The paper investigates the selectivity and market timing ability of fund houses in emerging countries. The study uses comprehensive
performance models on fund houses from four emerging countries. Data span is from 2007 to 2018. Findings indicate that fund managers
benefit from the common facilities provided by the fund houses like market research, diversification and investment opportunity. Fund houses showed good selectivity skills but poor market timing ability.The possible reason is that fund houses manage large and different types of funds. This resulted in more complex management processes
and thus reduced the ability to track the fluctuations in the market. The findings are important for investors as they are able to allocate their resources more effectively to funds that are best managed by fund houses while for managers, they are able to position themselves
relative to their competing peers. |
| first_indexed | 2024-07-04T06:37:29Z |
| format | Article |
| id | uum-28154 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:37:29Z |
| publishDate | 2021 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-281542023-05-21T14:21:13Z https://repo.uum.edu.my/id/eprint/28154/ Selectivity and market timing ability of mutual fund houses in emerging countries Atta, Anas Ahmad Bani Marzuki, Ainulashikin HJ Public Finance The paper investigates the selectivity and market timing ability of fund houses in emerging countries. The study uses comprehensive performance models on fund houses from four emerging countries. Data span is from 2007 to 2018. Findings indicate that fund managers benefit from the common facilities provided by the fund houses like market research, diversification and investment opportunity. Fund houses showed good selectivity skills but poor market timing ability.The possible reason is that fund houses manage large and different types of funds. This resulted in more complex management processes and thus reduced the ability to track the fluctuations in the market. The findings are important for investors as they are able to allocate their resources more effectively to funds that are best managed by fund houses while for managers, they are able to position themselves relative to their competing peers. Universiti Utara Malaysia 2021 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/28154/1/document%20%282%29.pdf Atta, Anas Ahmad Bani and Marzuki, Ainulashikin (2021) Selectivity and market timing ability of mutual fund houses in emerging countries. The International Journal of Banking and Finance, 16 (1). pp. 21-42. ISSN 1617-722 http://e-journal.uum.edu.my/index.php/ijbf https://doi.org/10.32890/ijbf2021.16.1.2 https://doi.org/10.32890/ijbf2021.16.1.2 |
| spellingShingle | HJ Public Finance Atta, Anas Ahmad Bani Marzuki, Ainulashikin Selectivity and market timing ability of mutual fund houses in emerging countries |
| title | Selectivity and market timing ability of mutual fund houses in emerging countries |
| title_full | Selectivity and market timing ability of mutual fund houses in emerging countries |
| title_fullStr | Selectivity and market timing ability of mutual fund houses in emerging countries |
| title_full_unstemmed | Selectivity and market timing ability of mutual fund houses in emerging countries |
| title_short | Selectivity and market timing ability of mutual fund houses in emerging countries |
| title_sort | selectivity and market timing ability of mutual fund houses in emerging countries |
| topic | HJ Public Finance |
| url | https://repo.uum.edu.my/id/eprint/28154/1/document%20%282%29.pdf https://doi.org/10.32890/ijbf2021.16.1.2 |
| work_keys_str_mv | AT attaanasahmadbani selectivityandmarkettimingabilityofmutualfundhousesinemergingcountries AT marzukiainulashikin selectivityandmarkettimingabilityofmutualfundhousesinemergingcountries |