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Persistence of Equity Mutual Fund Performance in Thailand |
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| รหัสดีโอไอ | |
| Creator | 1. Sorasart Sukcharoensin 2. Pariyada Sukcharoensin |
| Title | Persistence of Equity Mutual Fund Performance in Thailand |
| Publisher | School of Development Economic |
| Publication Year | 2556 |
| Journal Title | Development Economic Review |
| Journal Vol. | 7 |
| Journal No. | 2 |
| Page no. | 101 |
| Keyword | Mutual fund, Performance, Persistence, Thailand |
| ISSN | 1906-2540 |
| Abstract | This study investigates the performance of equity mutual funds in Thailand. We fi nd that their returns vary with economic cycle and stock market condition. Overall, equity mutual funds in Thailand show better performance during bear markets instead of bull markets. Nevertheless, only one-third of the equity mutual funds in this study can reveal the excess returns compared to benchmark. For the persistence of equity mutual fund performance, top-performing funds can maintain their status in short term while some bad performers remain. |
