risk, and 3) timing skill and picking ability. Using performance decomposition, our evidence indicates that various …

risk, and 3) timing skill and picking ability. Using performance decomposition, our evidence indicates that various …

Purpose This paper aims to study the market timing skill of USA-based foreign open-end mutual funds in their … Treynor-Mazuy (1966) and Henriksson-Merton (1981) timing models to measure US-based foreign funds’ market timing skill during … only focused on their domestic market, the USA, but also demonstrated statistically significant, good timing skill …