All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI)
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This paper brings these issues to a unique data set that contains the monthly returns of
European-domiciled equity mutual fund managers over a 20-year period. Specically, we ask
whether an investor can outperform when she has access to country-specic managers across several
developed European markets, and is allowed to rotate the portfolio allocation among the countries
(and managers) as macroeconomic conditions in Europe evolve. If such a strategy does result in
outperformance, we wish to know which country's local equity managers exhibit the best skills dur-
ing a particular phase of the European business cycle. To address these points, we explore whether,
under some macroeconomic conditions, a...
Nội dung trích xuất từ tài liệu:
All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI)
Nội dung trích xuất từ tài liệu:
All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI)
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