Chang, Chih-Hsiang; Fung, Hung-Gay; Lai, Pikki - In: Chinese Economy 43 (2010) 5, pp. 5-14
This study examines the performance of China-focused mutual funds using monthly returns for the five years from 2004 through 2008. A two-beta model is used to examine the performance of the fund managers in two aspects: (1) ability to select high-performance stocks, and (2) ability to load up on...