Skip to main content
Article thumbnail
Location of Repository

Does the Market Timing Ability of Mutual Fund Managers Persist?

By Nicolas P.B. Bollen and Jeffrey A. Busse


In this paper, we seek to determine whether the market timing ability of mutual fund managers persists. We estimate parameters of standard timing models each year. We then execute a battery of tests and find statistically significant serial correlation in timing ability. In addition, the top decile of timers generates a return in the post-ranking year that exceeds the return of a control group by three percent. These results suggest that the timing ability of mutual fund managers persists in a statistically and economically significant manner

Year: 2000
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.