Matches in SemOpenAlex for { <https://semopenalex.org/work/W2090214345> ?p ?o ?g. }
- W2090214345 endingPage "970" @default.
- W2090214345 startingPage "946" @default.
- W2090214345 abstract "We investigate the investment style positioning of UK equity unit trusts (mutual funds) over the 24-year period from 1987 to 2010 and assess if fund manager claims to follow a particular style strategy are evidenced in practice. Generally, UK unit trusts do not, in fact, consistently track declared styles but subject their funds to style switching or rotation. Nor do funds switch to become simple index trackers, as has widely been reported, but exhibit a mix of behaviour that we refer to as ‘market-momentum styling’. Our contribution is to offer a coherent, end-to-end picture of the evolution of investment styles over an economic cycle. In so doing we evidence that fund style positioning is subject to rotation and becomes subordinated to past portfolio performance or style momentum. Even this result is conditional as we go on to demonstrate that style investment is very likely to be driven by broader economic conditions, thereby creating market-momentum styling by default. This is arguably not a style at all and calls into question the intent behind fund ‘strategies’." @default.
- W2090214345 created "2016-06-24" @default.
- W2090214345 creator A5024215880 @default.
- W2090214345 creator A5029570914 @default.
- W2090214345 creator A5089577281 @default.
- W2090214345 date "2013-04-29" @default.
- W2090214345 modified "2023-09-30" @default.
- W2090214345 title "Investment style positioning of UK unit trusts" @default.
- W2090214345 cites W1605711810 @default.
- W2090214345 cites W1606181403 @default.
- W2090214345 cites W1976306794 @default.
- W2090214345 cites W1995834279 @default.
- W2090214345 cites W1998677466 @default.
- W2090214345 cites W2002582343 @default.
- W2090214345 cites W2010714258 @default.
- W2090214345 cites W2012301648 @default.
- W2090214345 cites W2023551295 @default.
- W2090214345 cites W2023826935 @default.
- W2090214345 cites W2027752836 @default.
- W2090214345 cites W2028681080 @default.
- W2090214345 cites W2031668770 @default.
- W2090214345 cites W2049571836 @default.
- W2090214345 cites W2052762859 @default.
- W2090214345 cites W2061408102 @default.
- W2090214345 cites W2063116195 @default.
- W2090214345 cites W2066187538 @default.
- W2090214345 cites W2067398858 @default.
- W2090214345 cites W2068046750 @default.
- W2090214345 cites W2078870183 @default.
- W2090214345 cites W2100321665 @default.
- W2090214345 cites W2118989259 @default.
- W2090214345 cites W2125520394 @default.
- W2090214345 cites W2128633294 @default.
- W2090214345 cites W2136120210 @default.
- W2090214345 cites W2139219256 @default.
- W2090214345 cites W2143173505 @default.
- W2090214345 cites W2149895059 @default.
- W2090214345 cites W2154204469 @default.
- W2090214345 cites W2169645335 @default.
- W2090214345 cites W2326971956 @default.
- W2090214345 cites W3022326679 @default.
- W2090214345 cites W3121295248 @default.
- W2090214345 cites W3121302911 @default.
- W2090214345 cites W3121476505 @default.
- W2090214345 cites W3122187992 @default.
- W2090214345 cites W3122441120 @default.
- W2090214345 cites W3122719819 @default.
- W2090214345 cites W3122727604 @default.
- W2090214345 cites W3123462387 @default.
- W2090214345 cites W3123752263 @default.
- W2090214345 cites W3123787221 @default.
- W2090214345 cites W3123852583 @default.
- W2090214345 cites W3123993840 @default.
- W2090214345 cites W3124332531 @default.
- W2090214345 cites W3124498979 @default.
- W2090214345 cites W3124647486 @default.
- W2090214345 cites W3124694934 @default.
- W2090214345 cites W3125261530 @default.
- W2090214345 cites W3125377309 @default.
- W2090214345 cites W3125766909 @default.
- W2090214345 cites W3125807918 @default.
- W2090214345 cites W3126094216 @default.
- W2090214345 cites W4242545938 @default.
- W2090214345 cites W4243840727 @default.
- W2090214345 cites W4246390368 @default.
- W2090214345 cites W4248290786 @default.
- W2090214345 doi "https://doi.org/10.1080/1351847x.2013.788533" @default.
- W2090214345 hasPublicationYear "2013" @default.
- W2090214345 type Work @default.
- W2090214345 sameAs 2090214345 @default.
- W2090214345 citedByCount "4" @default.
- W2090214345 countsByYear W20902143452015 @default.
- W2090214345 countsByYear W20902143452018 @default.
- W2090214345 countsByYear W20902143452020 @default.
- W2090214345 countsByYear W20902143452023 @default.
- W2090214345 crossrefType "journal-article" @default.
- W2090214345 hasAuthorship W2090214345A5024215880 @default.
- W2090214345 hasAuthorship W2090214345A5029570914 @default.
- W2090214345 hasAuthorship W2090214345A5089577281 @default.
- W2090214345 hasConcept C10138342 @default.
- W2090214345 hasConcept C106159729 @default.
- W2090214345 hasConcept C139819358 @default.
- W2090214345 hasConcept C144133560 @default.
- W2090214345 hasConcept C155301685 @default.
- W2090214345 hasConcept C162324750 @default.
- W2090214345 hasConcept C166957645 @default.
- W2090214345 hasConcept C169549615 @default.
- W2090214345 hasConcept C175444787 @default.
- W2090214345 hasConcept C17744445 @default.
- W2090214345 hasConcept C181308471 @default.
- W2090214345 hasConcept C199539241 @default.
- W2090214345 hasConcept C199728807 @default.
- W2090214345 hasConcept C206757995 @default.
- W2090214345 hasConcept C2776172590 @default.
- W2090214345 hasConcept C2776445246 @default.
- W2090214345 hasConcept C2777064782 @default.
- W2090214345 hasConcept C2778348673 @default.
- W2090214345 hasConcept C2780821815 @default.