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- Title
A Performance Measure for Mutual Funds Using the Connor-Korajczyk Methodology: An Empirical Study.
- Authors
Frohlich, C. J.
- Abstract
This article examines the performance of a sample of bond, stock, and balanced funds. Close attention is paid to the bond versus equity composition of the mutual funds and how this asset composition affects the performance measure. This research includes the period from January 1977 through March 1984. The results of the analysis show that none of these mutual funds categories has outperformed the market. Fund managers in this sample are unable to predict security prices consistently to warrant the associated costs. In addition, the "goodness of fit" varied significantly between the types of funds examined.
- Subjects
MUTUAL funds; INVESTMENTS; ASSETS (Accounting); CORPORATE finance; ESTIMATION theory
- Publication
Review of Quantitative Finance & Accounting, 1991, Vol 1, Issue 4, p427
- ISSN
0924-865X
- Publication type
Article
- DOI
10.1007/BF02408401