2011-09-01
On the performance of emerging market equity mutual funds
Publication
Publication
Emerging Markets Review , Volume 12 - Issue 3 p. 238- 249
We document persistence in the performance of emerging market equity funds and find several notable differences compared to US equity funds. First, the contribution of winner funds to the return spread between winner and losers is substantially larger for emerging market funds. Second, only a small portion of the return spread between winners and losers can be attributed to momentum effects in emerging markets. Third, winner funds in emerging markets generate returns that are sufficiently large enough to cover their expenses. Overall, our findings suggest that emerging market funds generally display better performance than US funds.
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| doi.org/10.1016/j.ememar.2011.03.001, hdl.handle.net/1765/23497 | |
| ERIM Article Series (EAS) | |
| Emerging Markets Review | |
| Organisation | Erasmus Research Institute of Management |
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Huij, J., & Post, T. (2011). On the performance of emerging market equity mutual funds. Emerging Markets Review, 12(3), 238–249. doi:10.1016/j.ememar.2011.03.001 |
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