Assessing selectivity and market timing performance of mutual funds for an emerging market: the case of Turkey

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dc.citation.epage99en_US
dc.citation.issueNumber2en_US
dc.citation.spage87en_US
dc.citation.volumeNumber44en_US
dc.contributor.authorİmişiker, S.en_US
dc.contributor.authorÖzlale, Ü.en_US
dc.date.accessioned2016-02-08T10:09:58Z
dc.date.available2016-02-08T10:09:58Z
dc.date.issued2008en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper derives and analyzes the selectivity and market timing performance of the mutual funds for the Turkish economy for the financial crisis period by employing high-frequency data. The determinants of these derived abilities are investigated within a regression analysis. The results suggest weak evidence about selection ability and some evidence about superior market timing quality. They also indicate that management fees are negatively correlated with the ability measure, which is quite surprising. Experience emerges as an important factor, especially for market timing ability. Copyright © 2008 M.E. Sharpe, Inc. All rights reserved.en_US
dc.identifier.doi10.2753/REE1540-496X440205en_US
dc.identifier.issn1540-496X
dc.identifier.issn1558-0938
dc.identifier.urihttp://hdl.handle.net/11693/23177
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://doi.org/10.2753/REE1540-496X440205en_US
dc.source.titleEmerging Markets Finance and Tradeen_US
dc.subjectEmerging marketsen_US
dc.subjectMutual fundsen_US
dc.subjectSelectivity and market timing abilityen_US
dc.titleAssessing selectivity and market timing performance of mutual funds for an emerging market: the case of Turkeyen_US
dc.typeArticleen_US
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