201902
Wednesday
The “Back to the Mine: Hidden Gems 2.0” panel was a hit Monday at the Inside ETFs conference in Hollywood, Florida. Sure, there was a lot of “talking one’s book” as ETF issuers hailed their own offerings, but it still brought to light some interesting products that aren’t often discussed. |
JUGEMテーマ:ETFでつくるポートフォリオ
201902
Wednesday
The academic literature, including Russ Wermers’ 2000 study “Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and Expenses,” and Eugene Fama and Ken French’s 2010 study “Luck Versus Skill in the Cross Section of Mutual Fund Returns” has shown that, while mutual funds demonstrate stock-picking skills on a gross-of-fee basis, they fail to outperform appropriate risk-adjusted benchmarks net of fees. |
JUGEMテーマ:資産運用
201902
Wednesday
201902
Wednesday