Market investors use financial performance measures to determine, often ex post, fund
managers' investment ability and identify the fund managers who are best suited to …

According to the literature that an outperforming style changes due to time-varying style
premiums, I investigate the dynamic style allocation strategies with Korean stocks under …

This study attempts to establish the cyclical nature of the value-growth spread on the
Johannesburg Stock Exchange (JSE) over the period from 1 January 1997 through 31 …

Managed portfolio performance evaluation is an important issue from both academics' and
investors' points of view. One important aspect concerns the choice of the measure used to …

While previous papers mostly used the US and UK data, we applied an international dataset
to examine the flow–performance relationship of international equity and bond mutual funds …

We investigate the flow–performance relationship via the lens of investor preferences,
applying an international dataset. Incorporating a novel measure of asset managers' market …

Performance persistence is a relevant issue when evaluating the predictability of future
results of managed portfolios. A related crucial aspect is the stability over time of the …