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 . 18. Bodie, Kane, and Marcus. Essentials of Investments, . 9. th. Edition. 18.1 Investment Clients, Service Providers, Objectives of Performance Evaluation. Passive Management. Diversified portfolio with no security mispricing identification. Definition. A trust that pools the savings of investors who share a common financial goal is known as mutual fund. The money collected is then invested in financial instruments such as shares, debentures and other securities .The income and capital appreciation realized are shared by its unit holders in proportion to the number of units owned by them.. Definition. A trust that pools the savings of investors who share a common financial goal is known as mutual fund. The money collected is then invested in financial instruments such as shares, debentures and other securities .The income and capital appreciation realized are shared by its unit holders in proportion to the number of units owned by them.. 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.. 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. Bodie, Kane and Marcus. Essentials of Investments . 9. th. Global Edition. . 18. 18.1 Investment Clients, Service Providers, Objectives of Performance Evaluation. Passive Management. Diversified portfolio with no security mispricing identification. 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. . Presented to FIRMA By R. James Hrabak, CFA. March 28, 2012. About the Presenter. R. James “Jim” Hrabak is Chief Investment Officer for MB Financial Bank’s Asset Management & Trust Group, where he is responsible for over $3 billion in assets under administration and nearly $1.8 billion in assets under management. His team of three Portfolio Managers and five Securities Analysts specialize in asset allocation, portfolio construction, and security selection for individual and institutional clients.. Open-End. Closed-End. (. Stock trades on secondary market; Net asset value (NAV) is determined daily, but market price determined by supply and demand). - ETFs (Exchange Traded Funds). 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.. 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). 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 . PG . & RESREACH DEPARTMENT OF COMMERCE, . BON SECOURS COLLEGE FOR WOMEN, THANJAVUR. Contents. SEBI GUIDELINES REGARDING MUTUAL FUND INVESTMENTS. The regulator for markets in India, . SEBI (Securities and Exchange Board of India), . Mark M. . Carhart. Topics. . in. . Quantitative. . Finance. Yuxue(Sharon). . Zhang. Data. Diversified. . equity. . funds. . monthly. . from. . January. . 1962. . to. . December. . 1993..