Performance Evaluation and Market Timing: the Skill Index

Performance Evaluation and Market Timing: the Skill Index

MERTON (1981) examines the creation of value by fund managers selecting between stocks and fixed income instruments through market timing. HENRIKSON and MERTON (1981) proceed to propose empirical tests of funds and manager performance in market timing. BRITO, BONA and TACIRO (2003) generalize the re...

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Bibliographic Details
Main Author: Ney Roberto Otoni de Brito
Format: Article
Language:English
Published: Brazilian Society of Finance 2003-01-01
Series:Revista Brasileira de Finanças
Subjects:
investments
investment management
performance evaluation
market timing
Online Access:http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1123/289

Internet

http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1123/289

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