Managerial Finance: Volume 44 Issue 3

Mutual fund research: a perspective on how we have arrived at the current state of academic research on mutual funds

J. David Diltz, David Rakowski

Actively managed ETFs vs actively managed mutual funds

D. Eli Sherrill, Kate Upton

The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also tests if…

Portfolio turnover activity and mutual fund performance

Claudia Champagne, Aymen Karoui, Saurin Patel

The purpose of this paper is to propose a new measure of portfolio activity, the modified turnover (MT), which represents the portion of the portfolio that the manager changes…

Trading on ETF mispricings

Yvonne Kreis, Johannes W. Licht

Prior literature has shown deviations between ETF prices and their net-asset-value (NAV) to exist. Fulkerson and Jordan (2013, p. 31) question “if there exists a true tradeable…

Energy mutual funds and oil prices

Alper Gormus, John David Diltz, Ugur Soytas

The purpose of this paper is to examine the price level and volatility impacts of oil prices on energy mutual funds (EMFs). The authors also examine specific fund characteristics…

Life after death: acquired fund performance

Anni Lapatto, Vesa Puttonen

The purpose of this paper is to study how the target fund in mutual fund mergers performed compared to the acquiring funds had they not been merged but continued on their own as…