Chan, Yue-Cheong; Cheng, Louis T W - In: Review of Quantitative Finance and Accounting 21 (2003) 3, pp. 233-50
This paper evaluates the ability of US-based Asian mutual fund managers in coping with the 1997 Asian financial crisis. We find that the actively managed mutual funds under-perform with respect to the market portfolio by 1.71 percent in average monthly return. Such poor performance is caused by...
