Colombian mutual funds that invest in stocks: Do they create value?
In this research we evaluate the performance of 73 Colombian stock mutual funds from 2005 to 2015. To quantify the value added by these funds compared to their respective benchmarks, Jensen’s alpha is calculated using two regression methodologies: Ordinary Least Squares (OLS) and Quantile Regressio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad EAFIT
2016-06-01
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| Series: | Ecos de Economía |
| Online Access: | http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/3559/pdf |