Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2067/43074
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dc.contributor.authorD'Arcangelis, Anna Mariait
dc.contributor.authorGalloppo, Giuseppeit
dc.date.accessioned2021-02-28T22:29:50Z-
dc.date.available2021-02-28T22:29:50Z-
dc.date.issued2015it
dc.identifier.issn1534-7524it
dc.identifier.urihttp://hdl.handle.net/2067/43074-
dc.description.abstract© 2015 Institutional Investor LLC. All Rights Reserved. The aim of this article is to explore the relationship between portfolio concentration and the performance of mutual funds investing in emerging and developed markets. Following the research line of Fama and French [2012], which reveals the explanatory power of models on local returns, we confirm that the picking process based only on the level of tracking error may contribute to disappointing results when not accompanied by information about the fund concentration in multiple market factors. The emphasis on the performance of local focused funds reveals a competitive advantage of the emerging markets sample. Moreover, our work shows a new perspective by providing suggestive evidence that the association between breadth of the strategies and alpha is reinforced in the postcrisis period. To our knowledge, our investigation is the first comprehensive study on the topic that focuses on funds with a country specialization and on the robustness of the results in different time periods.it
dc.format.mediumSTAMPAit
dc.language.isoengit
dc.titleEconomic relevance of concentration for emerging markets funds performanceit
dc.typearticle*
dc.identifier.doi10.3905/jwm.2015.18.3.101it
dc.identifier.scopus2-s2.0-84978252310it
dc.identifier.urlhttps://api.elsevier.com/content/abstract/scopus_id/84978252310it
dc.identifier.urlhttps://jwm.pm-research.com/content/18/3/101it
dc.relation.journalTHE JOURNAL OF WEALTH MANAGEMENTit
dc.relation.firstpage101it
dc.relation.lastpage109it
dc.relation.volume18it
dc.relation.issue3it
dc.subject.scientificsectorSECS-P/11it
dc.subject.ercsectorSH1_7it
dc.contributor.countryITAit
dc.type.refereeREF_1it
dc.type.miur262*
item.fulltextWith Fulltext-
item.cerifentitytypePublications-
item.grantfulltextrestricted-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.openairetypearticle-
item.languageiso639-1en-
crisitem.journal.journalissn1534-7524-
crisitem.journal.anceE095047-
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