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    FOREWORD by Elena GURGU

    Published 2019-12-01
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    “Monetary surprises” and Excess Return of the U. S. Mutual Funds by N. V. Artamonov, A. N. Kurbatskii, K. A. Strikalo

    Published 2024-11-01
    “…The model, in which excess fund return is a dependent variable, has been designed basing on the panel data on the characteristics of 457 actively managed funds with S&P 500 as a benchmark downloaded from the Bloomberg terminal. The main hypothesis about the significance of “monetary surprises” for actively managed funds performance has been confirmed for the periods 2007–2009 and 2020, when the U.S. economy was in a recession. …”
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