Chu, Patrick Kuok-kun; McKenzie, Michael - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 04, pp. 617-649
This paper presents the first comprehensive study of the performance and market timing ability of the equity funds that comprise the Hong Kong Mandatory Provident Funds (MPF) scheme. In general, our results suggest that US equity funds consistently underperform relative to the market, while the...
