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- A framework for evaluating the future performance of actively managed mutual funds with the European Economic and Monetary Union (EMU) universe as a testcase
Volume 2019 : 1
Insurtech, wat brengt de toekomst ons binnen de verzekeringssector?
Digitalisering: Wat is de impact op verzekeringsproducten en distributienetten?
Forget about Peer to Peer, the Future of Insurance is Invisible and Parametric
Insurtech: des bisounours dans la pépinière ou Alien chez les assureurs?
The Vision of the National Bank of Belgium on Sustainable Finance
Report of the colloquium
Report of the panel debate
Introductory speech
The risk-free rate term structure in Solvency II
Volatility Adjustment: Regulatory and Supervisory aspectst ,
How to deal with volatility under Solvency II
Discounting under Solvency II – Reflections from a company perspective
Solvency II long-term guarantee measures
A framework for evaluating the future performance of actively managed mutual funds with the European Economic and Monetary Union (EMU) universe as a testcase
Insurtech, wat brengt de toekomst ons binnen de verzekeringssector?
Digitalisering: Wat is de impact op verzekeringsproducten en distributienetten?
Forget about Peer to Peer, the Future of Insurance is Invisible and Parametric
Insurtech: des bisounours dans la pépinière ou Alien chez les assureurs?
The Vision of the National Bank of Belgium on Sustainable Finance
Report of the colloquium
Report of the panel debate
Introductory speech
The risk-free rate term structure in Solvency II
Volatility Adjustment: Regulatory and Supervisory aspectst ,
How to deal with volatility under Solvency II
Discounting under Solvency II – Reflections from a company perspective
Solvency II long-term guarantee measures
A framework for evaluating the future performance of actively managed mutual funds with the European Economic and Monetary Union (EMU) universe as a testcase
Jaar
2019
Volume
2019
Nummer
1
Pagina
93
Taal
Engels
Rechtscollege
Referentie
M. SCHOLLIERS, “A framework for evaluating the future performance of actively managed mutual funds with the European Economic and Monetary Union (EMU) universe as a testcase”, BFW 2019, nr. 1, 93-101
Samenvatting
At any given moment some actively managed mutual funds outperform, while others are lagging their benchmark. In this paper we present a framework for evaluating the future performance of actively managed funds that in the past realised an outperformance against their benchmark. Our research objective can be summarized by the following question: “If at any given moment of time I would invest in one of the in the past 10 years consistently outperforming funds, what is the probability that also in the future I would obtain an outperformance?” We find that using historical data of consistently outperforming actively managed funds allows us to predict their future returns in a statistically significant way.
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