UK equity mutual fund alphas make a comeback
Mateus, Irina B.; Mateus, Cesario; Todorovic, Natasa;
- Publisher: Elsevier Inc.
- Subject: HG
In this study, we re-visit the performance of 887 active UK equity mutual funds using a new approach proposed by Angelidis, Giamouridis, and Tessaromatis. The authors argue that mutual funds stock selection is driven by the benchmark index, so if the benchmark generates... View more