The performance of US international funds during the Asian financial crisis

Tsz Wan Cheng, K.C. Chan, L.K. Pi

Research output: Journal article publicationJournal articleAcademic researchpeer-review

Abstract

The objective of this study is to examine the performance and investment strategies of the US managed foreign equity mutual funds during the Asian Financial Crisis period. Our findings indicate that a high geographic concentration strategy contributes to excess returns, even after controlling for various fund characteristics including tenure and expense ratio. However, these actively managed funds do not demonstrate superior performance against a passively managed bogey portfolio during the 1997 Asian Financial Crisis.
Original languageEnglish
Pages (from-to)35-52
Number of pages18
JournalAcademy of Accounting and Financial Studies Journal
Volume8
Issue number2
Publication statusPublished - 2004

ASJC Scopus subject areas

  • Accounting
  • Economics and Econometrics
  • Finance

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