Lee, Jaeram; Lee, Changjun - In: Journal of derivatives and quantitative studies : … 31 (2023) 4, pp. 328-346
This study investigates the performance distribution of passive funds in the Korean market and compares it with the … performance distribution of active funds. The key findings are as follows, first, the performance distribution of passive funds … has a thicker tail compared to that of active funds. There are passive funds that achieve outstanding performance, and …