Performance evaluation of Norwegian mutual funds
AbstractNorwegian mutual fund managers claim that their funds are subject to different investment policies. We find no evidence of this. Funds belonging to the same management company have a similar risk profile. However, the risk profile of funds managed by different companies varies significantly. Although portfolio managers demonstrated market timing skills, our results indicate that their ability to successfully select stocks was limited. The scores on risk-adjusted performance measures showed that all funds outperformed the market in 1982-1984. Thereafter, the typical observation was below the market index benchmark value.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal Scandinavian Journal of Management.
Volume (Year): 7 (1991)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/872/description#description
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.