IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-24-00447.html
   My bibliography  Save this article

Predictability of Korean mutual fund performance

Author

Listed:
  • Laura Molero González

    (University of Almería)

  • Juan E. Trinidad-Segovia

    (University of Almería)

  • Marta Vidal

    (Universidad Europea de Madrid)

  • Javier Vidal-García

    (Complutense University of Madrid)

Abstract

In this article, we examine the persistence in the performance of South Korean equity mutual funds between 1990 and 2023. South Korea has the second largest number of mutual funds registered globally after the US; it has more funds domiciled than the UK or Japan. The country is the world's 12th-biggest economy, in the following five years; it is set to make the 10th-biggest contribution to global growth, more than France or Italy and approximately the same as the UK. Using a daily return sample, we show a strong existence of performance persistence in the South Korean mutual fund market during the 33-year sample period included in our study. We find this result using a non-parametric methodology based on contingency tables checked by statistical tests, which show statistical significance at 1%.

Suggested Citation

  • Laura Molero González & Juan E. Trinidad-Segovia & Marta Vidal & Javier Vidal-García, 2025. "Predictability of Korean mutual fund performance," Economics Bulletin, AccessEcon, vol. 45(1), pages 401-417.
  • Handle: RePEc:ebl:ecbull:eb-24-00447
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2025/Volume45/EB-25-V45-I1-P37.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Mutual Funds; Performance Persistence; South Korea; Contingency Tables;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-24-00447. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.