Are Swedish equity fund managers stock pickers or market timers?
Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
This paper presents an empirical examination of the selectivity and market timing performance of Swedish mutual fund managers. By employing different evaluation models we are investigating if managers in Sweden have the ability to outperform the market and if they display any superior skills. The main conclusion drawn from the study is that between 2000 and 2004 Swedish fund managers performed badly. It appears that fund managers in Sweden do not possess either selectivity skills or the ability to time the market.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:su:diva-5392OAI: oai:DiVA.org:su-5392DiVA: diva2:195212