dc.contributor.author | Holtvedt, Thomas | |
dc.contributor.author | Skogseid, Håkon Skogseid | |
dc.date.accessioned | 2019-10-14T13:34:34Z | |
dc.date.available | 2019-10-14T13:34:34Z | |
dc.date.issued | 2019 | |
dc.identifier.uri | http://hdl.handle.net/11250/2622056 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2019 | nb_NO |
dc.description.abstract | Using a sample of 2680 U.S. actively managed open-end mutual funds in the
period from January 1977 through December 2018, we investigate whether
actively managed mutual funds are able to outperform a passive benchmark over a
504-month sample. We highlight whether mutual funds are able to generate
abnormal returns during NBER expansions and recessions. We find that an equalweighted
portfolio of net returns has a statistically significant abnormal return in
expansion, but not in recession. Further, we find evidence of strong superior
performance and underperformance by a small group of actively managed mutual
funds. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.title | U.S. Mutual Fund Performance in Recessions and Expansions, 1977 to 2019. | nb_NO |
dc.type | Master thesis | nb_NO |