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Mutual Fund Selection
From Theory to Practice
Buch von Richard Roll (u. a.)
Sprache: Englisch

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Beschreibung
The vast majority of investors in the capital market do so, at least in part, via mutual funds. In the US market alone, there are currently thousands of mutual funds to choose from. Thus, the task of mutual fund selection is of central importance. It is a notoriously difficult task, because the past return parameters are very noisy estimates of the future parameters. This book presents the state-of-the-art research in this field. It describes recent academic findings and translates them into practical guidelines for mutual fund selection, and will be of interest to researchers alongside professional investors and fund ranking agencies.
The vast majority of investors in the capital market do so, at least in part, via mutual funds. In the US market alone, there are currently thousands of mutual funds to choose from. Thus, the task of mutual fund selection is of central importance. It is a notoriously difficult task, because the past return parameters are very noisy estimates of the future parameters. This book presents the state-of-the-art research in this field. It describes recent academic findings and translates them into practical guidelines for mutual fund selection, and will be of interest to researchers alongside professional investors and fund ranking agencies.
Über den Autor

Moshe (Shiki) Levyis the John Berg professor of finance at the Hebrew University Business School. His research interests include portfolio theory, decision-making under uncertainty, the evolution of preferences, social networks, social phase transitions, and econophysics.He is the recipient of the Journal of Investment Management Harry Markowitz award.

Richard Roll was most recently the Linde professor of Finance at the California Institute of Technology. He is also a professor emeritus at UCLA where he held the Joel Fried Chair at the Anderson School. He was a principal of Compensation Valuation and a board member of Western Asset Mortgage Capital Corp. He worked on the Minuteman missile and the Saturn moon rocket at the Boeing Corporation and founded mortgage securities research at Goldman Sachs. He is a founder of Roll and Ross Asset Management and has consulted for many US corporations, law firms, and government agencies. Roll has a BA in aeronautical engineering from Auburn University, an MBA from the University of Washington, and a PhD from the University of Chicago.

Inhaltsverzeichnis

Chapter 1: Introduction.- Chapter 2: Criteria for Mutual Fund Selection.- Chapter 3: Investment for Intermediate and Long Horizons.- Chapter 4: Estimating Future Performance - The Shrinkage Adjusted Sharpe Ratio.- Chapter 5: Active Versus Passive Investment.- Chapter 6: Target Date Funds, and How to Improve Them.- Chapter 7: The Role of Luck.

Details
Erscheinungsjahr: 2024
Fachbereich: Einzelne Wirtschaftszweige
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: ix
149 S.
19 s/w Illustr.
21 farbige Illustr.
149 p. 40 illus.
21 illus. in color.
ISBN-13: 9783031697579
ISBN-10: 303169757X
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Roll, Richard
Levy, Moshe
Hersteller: Springer Nature Switzerland
Maße: 216 x 153 x 14 mm
Von/Mit: Richard Roll (u. a.)
Erscheinungsdatum: 03.10.2024
Gewicht: 0,328 kg
Artikel-ID: 129766467
Über den Autor

Moshe (Shiki) Levyis the John Berg professor of finance at the Hebrew University Business School. His research interests include portfolio theory, decision-making under uncertainty, the evolution of preferences, social networks, social phase transitions, and econophysics.He is the recipient of the Journal of Investment Management Harry Markowitz award.

Richard Roll was most recently the Linde professor of Finance at the California Institute of Technology. He is also a professor emeritus at UCLA where he held the Joel Fried Chair at the Anderson School. He was a principal of Compensation Valuation and a board member of Western Asset Mortgage Capital Corp. He worked on the Minuteman missile and the Saturn moon rocket at the Boeing Corporation and founded mortgage securities research at Goldman Sachs. He is a founder of Roll and Ross Asset Management and has consulted for many US corporations, law firms, and government agencies. Roll has a BA in aeronautical engineering from Auburn University, an MBA from the University of Washington, and a PhD from the University of Chicago.

Inhaltsverzeichnis

Chapter 1: Introduction.- Chapter 2: Criteria for Mutual Fund Selection.- Chapter 3: Investment for Intermediate and Long Horizons.- Chapter 4: Estimating Future Performance - The Shrinkage Adjusted Sharpe Ratio.- Chapter 5: Active Versus Passive Investment.- Chapter 6: Target Date Funds, and How to Improve Them.- Chapter 7: The Role of Luck.

Details
Erscheinungsjahr: 2024
Fachbereich: Einzelne Wirtschaftszweige
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: ix
149 S.
19 s/w Illustr.
21 farbige Illustr.
149 p. 40 illus.
21 illus. in color.
ISBN-13: 9783031697579
ISBN-10: 303169757X
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Roll, Richard
Levy, Moshe
Hersteller: Springer Nature Switzerland
Maße: 216 x 153 x 14 mm
Von/Mit: Richard Roll (u. a.)
Erscheinungsdatum: 03.10.2024
Gewicht: 0,328 kg
Artikel-ID: 129766467
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