The performance of US international funds during the Asian financial crisis

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

The performance of US international funds during the Asian financial crisis

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

Research output: Journal article publication › Journal article › Academic research › peer-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 language	English
Pages (from-to)	35-52
Number of pages	18
Journal	Academy of Accounting and Financial Studies Journal
Volume	8
Issue number	2
Publication status	Published - 2004

ASJC Scopus subject areas

Accounting
Economics and Econometrics
Finance

Cite this

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title = "The performance of US international funds during the Asian financial crisis",

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.",

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AB - 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.

M3 - Journal article

SN - 1096-3685

VL - 8

SP - 35

EP - 52

JO - Academy of Accounting and Financial Studies Journal

JF - Academy of Accounting and Financial Studies Journal

IS - 2

ER -

The performance of US international funds during the Asian financial crisis

Abstract

ASJC Scopus subject areas

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