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Are active mutual fund managers skilled in picking stock concepts?

We provide a novel assessment of active mutual fund managers’ investment skills by analyzing the stock concepts they trade—a unique aspect of the Chinese stock market where stocks are grouped by themes or trends. We find that managers purchase stock concepts that subsequently outperform those they s...

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Detalhes bibliográficos
Principais autores: Jinlin Fu, Xiaomeng Lu, Yuxin Xie, Binxu Wang
Formato: Artigo
Idioma:Inglês
Publicado em: Elsevier 2025-10-01
coleção:International Review of Economics & Finance
Assuntos:
Acesso em linha:http://www.sciencedirect.com/science/article/pii/S1059056025006379
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