Malhotra, Davinder Kumar; Mooney, Tim; Poteau, Raymond; … - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-17
understand the performance of these mutual funds, we consider multiple factors, including risk-adjusted performance, both … unconditional and conditional multifactor analysis, and market timing and selectivity. Financial mutual funds have higher risk-adjusted … performance than the overall market and financial sector benchmarks. However, fund alphas are not different from zero, and …