PPT-Mutual Fund Performance Evaluation with

Active Peer Benchmarks David Huntera Eugene Kandelb Shmuel Kandelc Russ Wermersd PRESENTER RANZI ZHENG contents Introduction Motivating Active PeerGroup . UTI Mutual Fund launches UTI Focussed Equity Fund-Series I (1100 days) UTI Mutual Fund today announces the launch of a new close ended Equity scheme Mr. Sullivan. Building Wealth. What is a Mutual Fund?. Mutual Funds offer an alternative to investing in individual stocks.. What is a Mutual Fund?. A mutual fund is a collection of shareholders’ money that is invested by professional fund managers in an assortment of different securities, such as stocks or bonds.. P.V. . Viswanath. For a First Course in . INvestments. Learning Goals. 2. What are investment companies?. What are the different kinds of investment companies?. What are the different kinds of mutual funds?. The fundamental flaw in most mutual funds, . Hebner. says, is that even well-educated portfolio managers with huge research budgets can't pick winners consistently enough to beat the market over time. Yes, by the luck of the draw, about a third of mutual funds will beat the indices each year. But last year's winners are often this year's losers. When you look at long-term performance, only a handful of funds beat the indices. And there's no tried-and-true way of picking these funds in advance.. Global Financial Management. Campbell R. Harvey. Fuqua School of Business. Duke University. charvey@mail.duke.edu. http://www.duke.edu/~charvey. Overview. Market Efficiency. Theory of efficient markets. Number of US-domiciled funds in the representative industry sample as of December 31, 2017. International equities include non-US developed and emerging markets funds. US-domiciled open-end mutual fund data is from Morningstar and Center for Research in Security Prices (CRSP) from the University of Chicago. . Ashley Smith, Anissa Patterson, Alyssia Fernandez, Dacota Holder, Dakota Webb, Jonathan Brooks, and Thomas Melton. Background on Mutual Funds. Stock Mutual Funds: Sell shares to individuals and invest the proceeds in stocks.. U.S. Households. What sells mutual funds?. Past performance. Past performance is no guarantee of future results.. The strategy of buying funds with exceptional past performance is rarely successful.. Mutual Funds. What is a Mutual Fund?. Professionally managed group of investments bought using a pool of money from many investors. What factor is the driving force behind the type of investments purchased for a mutual fund?. Mutual Funds. Review. Breakdown of Funds. Family of Funds. Share Classes. Fees & Expenses. Top 10 Mutual Funds. Mutual Fund Scenario. Questions. MUTUAL FUNDS. Portfolios of securities, mainly stocks, bonds and money market instruments. Under U.S. law, to sell a security to public:. Register with the SEC. Disclose material information about the investments (Prospectus). Report periodically. Why does it matter?. Transparency (inner operations). Open ended. Meaning. Features :. Objective is income generation. Not publically traded, the fund itself repurchases/ resells. Instant liquidity. Free entry & exit. NAV. Can be sold back to the Mutual Fund. PG and Research Department of Commerce,. BON SECOURS COLLEGE FOR WOMEN, Thanjavur.. Contents . INSTITUTIONS INVOLVED IN MUTUAL FUND:. - UTI. - LIC. - COMMERCIAL BANKS. INSTITUTION INVOLVED IN MUTUAL FUND . I. What is a Mutual Fund. ?. A. A mutual fund is a collection of stocks (or bonds) rather than an individual stock or bond.. . 1. . Example: If you spent $100 on stock in . Ford Motor . Company, than you would have .