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.
|Number of pages||18|
|Journal||Academy of Accounting and Financial Studies Journal|
|Publication status||Published - 2004|
ASJC Scopus subject areas
- Economics and Econometrics