Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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The smart money hypothesis states that investor money is “smart” enough
to f low to funds that will outperform in the future, that is, that investors have
genuine fund selection ability.
1 Research into smart money in the mutual fund
context was initiated by Gruber (1996). His aim is to understand the continued
expansion of the actively managed mutual fund sector despite the widespread
evidence that on average active fundmanagers do not add value. To testwhether
investors are more sophisticated than simple chasers of past performance, he
examineswhether investors’money tends to f lowto the funds that subsequently
outperform. Working with a subset of U.S. equity funds, he finds evidence...
Nội dung trích xuất từ tài liệu:
Vietnam Opportunity Fund Limited Annual Report 2011
