Year: 2024
Type: article
Abstract: This study introduces novel methodologies for assessing fund performance using asset pricing measures. Focusing on Korea’s fund market, this study empirically examines the performance of both actively and passively managed funds, revealing that actively managed funds generally underperform. This study bridges asset pricing and active management theories, and offers fresh insights into fund evaluation.
Author: Woongki Lee
Institution: Yonsei University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403903057