NDLI: Performance evaluation of Chinese Stock Open-end funds based on their unobserved actions

Content Provider	IEEE Xplore Digital Library
Author	Zhang Di-xin Fang Chen-jun
Copyright Year	2011
Description	Author affiliation: School of Business, Nanjing University, P.R. China, 210093 (Zhang Di-xin; Fang Chen-jun)
Abstract	To measure the unobserved actions of mutual funds, this essay adopts a new variable called the return gap. In this way, we examine the influence of funds' unobserved actions on fund holders. Moreover, based on the unobserved actions, we further modify the Fama-French model and analyze the unobserved actions' determinants, persistence and performance evaluation, through the panel data of 98 Chinese Stock Open-end Funds. Lastly, this essay ends with the conclusions that unobserved actions can reflect decisive fund properties such as interim transaction costs and fund risks, that the actions can better evaluate the fund performance, and that the evaluation of unobserved actions can help fund holders, with higher accuracy, to choose from different funds.
Starting Page	1413
Ending Page	1422
File Size	319337
Page Count	10
File Format	PDF
ISBN	9781457718854
ISSN	21551855
e-ISBN	9781457718885
DOI	10.1109/ICMSE.2011.6070137
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-09-13
Publisher Place	Italy
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Performance evaluation Radio frequency Computational modeling Investments unobserved actions Mutual funds performance evaluation return gap Mathematical model Fama-French model Equations
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in