Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
收藏NBER2018-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25381
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资源简介：
This paper provides a comprehensive analysis of portfolios of active mutual funds and ETFs through the lens of risk (anomaly) factors. We show that these funds do not systematically tilt their portfolios towards profitable factors, such as high book-to-market (BM) ratios, high momentum, small size,
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
