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Investment Horizon and the Choice of Mutual Fund

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  • Felicia Y. Amadi
  • Confidence W. Amadi

Abstract

The purpose of this study is to explore the relationship between the choice of mutual fund investment style and investor investment horizon. The investment style is characterized as a measure of the riskiness of the mutual fund and therefore the required/expected return of a mutual fund ranging from large cap value to small cap growth. The results of this study show that investment horizon and investment style are inter-related. Longer investment horizons are best suited for small cap value and small cap growth. In general, for each investment horizon, the large cap value style had the lowest expected return as evidenced by its beta coefficient. The investment style with the highest expected return depends on the investment horizon.

Suggested Citation

  • Felicia Y. Amadi & Confidence W. Amadi, 2021. "Investment Horizon and the Choice of Mutual Fund," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(6), pages 1-76, July.
    • Handle: RePEc:ibn:ijbmjn:v:14:y:2021:i:6:p:76
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    References listed on IDEAS

    as
    1. Nurasyikin Jamaludin & Malcolm Smith & Paul Gerrans, 2012. "Mutual fund selection criteria: evidence from Malaysia," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 20(2), pages 140-151, July.
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      More about this item

      JEL classification:

      • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
      • Z0 - Other Special Topics - - General

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