Mutual Funds in the U.S. Market

Mutual Funds in the U.S. Market

A) Purpose of the Study and Research Questions

Mutual fund is a common investment fund (CRF) in which funds from various investors is collected to invest in various financial instruments. The responsibility is delegated to a manager who may be a bank or financial institution. In United States, Mutual funds provide a convenient method for investors to invest in domestic equity. This paper aims to study portfolio strategies that invest in equity mutual funds, incorporating predictability in (i) manager selectivity and benchmark timing skills, (ii) fund risk loadings, and (iii) benchmark ...