Purpose This paper aims to identify the direct impact of fund style drift on the risk of stock
price collapse and the intermediary mechanism of financial risk, so as to better protect the …

We investigate the dynamics of investment styles of Islamic equity funds (IEFs), mainly
through portfolio holdings. We rely on an unbiased survivorship sample of 224 active …

Style drift contributes to mutual fund performance at the cost of additional risks associated
with styles. We find that, although style drift enhances the net return of Chinese mutual funds …

In this paper, we investigate the impact of fund style drift away from sustainability on future
fund flows and performance within the Chinese market. Utilizing data from four mainstream …

This paper examines how style drift behavior of Chinese fund managers moderates the
impact of network centrality on fund performance. We first construct network connections of …

This paper analyses a set of characteristics‐based indices that, it has been argued,
outperform market cap‐weighted indices. We analyse the performance of an exhaustive list …

Using monthly active equity fund portfolio holdings, we examine the magnitude of style drift
and decompose it into active and passive components. We find that while fund style tilts are …

This study introduces an innovative approach to measuring the “style-shifting activity”(SSA)
of mutual funds using daily returns. Applying our new measure to a comprehensive sample …

The linkages between style change, fund flows, fund size, and resulting fund performance
are complex and not clearly understood. In this paper, we investigate these relationships …

In this article, the authors compare different approaches for constructing multifactor equity
portfolios: bottom-up score-weighting approaches that target high-factor intensity and top …