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dc.contributor.authorAnnagurban, Mähri
dc.contributor.authorSeland, Helene Sogge
dc.date.accessioned2019-10-15T14:34:47Z
dc.date.available2019-10-15T14:34:47Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11250/2622395
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance/Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2019nb_NO
dc.description.abstractWe measure the degree of active management in Norwegian equity mutual funds and investigate how it relates to fund performance in the period 2007-2018. Our measures of active management are active share and tracking error. We find that while the mutual funds do outperform their benchmark index, only 42% of the Carhart four-factor alphas are statistically significant, yet still not economically significant. Sorting funds into equal-weighted portfolios based on active share and tracking error, we find a positive correlation between active share and fund performance, whereas tracking error has a zero to negative relationship. Sorting funds into portfolios based on fund size and active share, we find that the level of active share has the largest positive effect on the smallest firms.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.subjectfinancial economicsnb_NO
dc.titleActive Share and Performance of Norwegian Equity Fundsnb_NO
dc.typeMaster thesisnb_NO


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