Matches in SemOpenAlex for { <https://semopenalex.org/work/W1966156640> ?p ?o ?g. }
Showing items 1 to 97 of
97
with 100 items per page.
- W1966156640 abstract "Using a survivorship and selection bias free database of actively managed private Turkish Pension funds we show that most managers are not able to provide performance above and beyond what could be earned by passive indexing. At its simplest, funds with self-declared benchmarks fail to beat them on average. With respect to a common multi-asset factor model, the fund industry as a whole does not deliver a positive alpha and neither does the average fund. The style analysis of individual funds based on their reported asset allocations reveals that the average manager provides 34 basis points of “selection return” per annum. We also test a naive trading strategy that invests with the top 10 funds in each year for the subsequent year over the period from 2004 to 2011. We find that this strategy earns about the same return as what one could earn with an equal weighted portfolio of Turkish stocks and government bonds. Taken as a whole, our results strongly support the philosophy of passive investing and highlight the need for low-cost index funds in the Turkish Pension fund system." @default.
- W1966156640 created "2016-06-24" @default.
- W1966156640 creator A5038633162 @default.
- W1966156640 creator A5048455075 @default.
- W1966156640 date "2013-01-01" @default.
- W1966156640 modified "2023-09-26" @default.
- W1966156640 title "The Case Against Active Pension Funds: Evidence from the Turkish Private Pension System" @default.
- W1966156640 cites W1498056368 @default.
- W1966156640 cites W2061728348 @default.
- W1966156640 cites W2061747235 @default.
- W1966156640 cites W2135542628 @default.
- W1966156640 cites W2148724785 @default.
- W1966156640 cites W2156640187 @default.
- W1966156640 cites W3126037761 @default.
- W1966156640 doi "https://doi.org/10.2139/ssrn.2372059" @default.
- W1966156640 hasPublicationYear "2013" @default.
- W1966156640 type Work @default.
- W1966156640 sameAs 1966156640 @default.
- W1966156640 citedByCount "0" @default.
- W1966156640 crossrefType "journal-article" @default.
- W1966156640 hasAuthorship W1966156640A5038633162 @default.
- W1966156640 hasAuthorship W1966156640A5048455075 @default.
- W1966156640 hasBestOaLocation W19661566402 @default.
- W1966156640 hasConcept C101026917 @default.
- W1966156640 hasConcept C10138342 @default.
- W1966156640 hasConcept C138885662 @default.
- W1966156640 hasConcept C139819358 @default.
- W1966156640 hasConcept C144133560 @default.
- W1966156640 hasConcept C155301685 @default.
- W1966156640 hasConcept C15952604 @default.
- W1966156640 hasConcept C162118730 @default.
- W1966156640 hasConcept C162324750 @default.
- W1966156640 hasConcept C183582576 @default.
- W1966156640 hasConcept C187736073 @default.
- W1966156640 hasConcept C206757995 @default.
- W1966156640 hasConcept C2780821815 @default.
- W1966156640 hasConcept C2780899237 @default.
- W1966156640 hasConcept C2781121862 @default.
- W1966156640 hasConcept C34375142 @default.
- W1966156640 hasConcept C39389867 @default.
- W1966156640 hasConcept C41895202 @default.
- W1966156640 hasConcept C43089589 @default.
- W1966156640 hasConcept C6243943 @default.
- W1966156640 hasConcept C64589626 @default.
- W1966156640 hasConcept C74510933 @default.
- W1966156640 hasConcept C84355842 @default.
- W1966156640 hasConceptScore W1966156640C101026917 @default.
- W1966156640 hasConceptScore W1966156640C10138342 @default.
- W1966156640 hasConceptScore W1966156640C138885662 @default.
- W1966156640 hasConceptScore W1966156640C139819358 @default.
- W1966156640 hasConceptScore W1966156640C144133560 @default.
- W1966156640 hasConceptScore W1966156640C155301685 @default.
- W1966156640 hasConceptScore W1966156640C15952604 @default.
- W1966156640 hasConceptScore W1966156640C162118730 @default.
- W1966156640 hasConceptScore W1966156640C162324750 @default.
- W1966156640 hasConceptScore W1966156640C183582576 @default.
- W1966156640 hasConceptScore W1966156640C187736073 @default.
- W1966156640 hasConceptScore W1966156640C206757995 @default.
- W1966156640 hasConceptScore W1966156640C2780821815 @default.
- W1966156640 hasConceptScore W1966156640C2780899237 @default.
- W1966156640 hasConceptScore W1966156640C2781121862 @default.
- W1966156640 hasConceptScore W1966156640C34375142 @default.
- W1966156640 hasConceptScore W1966156640C39389867 @default.
- W1966156640 hasConceptScore W1966156640C41895202 @default.
- W1966156640 hasConceptScore W1966156640C43089589 @default.
- W1966156640 hasConceptScore W1966156640C6243943 @default.
- W1966156640 hasConceptScore W1966156640C64589626 @default.
- W1966156640 hasConceptScore W1966156640C74510933 @default.
- W1966156640 hasConceptScore W1966156640C84355842 @default.
- W1966156640 hasLocation W19661566401 @default.
- W1966156640 hasLocation W19661566402 @default.
- W1966156640 hasOpenAccess W1966156640 @default.
- W1966156640 hasPrimaryLocation W19661566401 @default.
- W1966156640 hasRelatedWork W1502422707 @default.
- W1966156640 hasRelatedWork W1518130101 @default.
- W1966156640 hasRelatedWork W1549280466 @default.
- W1966156640 hasRelatedWork W1551883340 @default.
- W1966156640 hasRelatedWork W1584300728 @default.
- W1966156640 hasRelatedWork W2101395977 @default.
- W1966156640 hasRelatedWork W2103048006 @default.
- W1966156640 hasRelatedWork W2115328501 @default.
- W1966156640 hasRelatedWork W2133053837 @default.
- W1966156640 hasRelatedWork W2141661576 @default.
- W1966156640 hasRelatedWork W2290793804 @default.
- W1966156640 hasRelatedWork W2489183781 @default.
- W1966156640 hasRelatedWork W2594743545 @default.
- W1966156640 hasRelatedWork W2751052341 @default.
- W1966156640 hasRelatedWork W2781498205 @default.
- W1966156640 hasRelatedWork W2951825195 @default.
- W1966156640 hasRelatedWork W3122370794 @default.
- W1966156640 hasRelatedWork W3124450962 @default.
- W1966156640 hasRelatedWork W3143674947 @default.
- W1966156640 hasRelatedWork W3211391826 @default.
- W1966156640 isParatext "false" @default.
- W1966156640 isRetracted "false" @default.
- W1966156640 magId "1966156640" @default.
- W1966156640 workType "article" @default.