This article applies a new methodology to determinate the existence of skill in Chilean equity mutual fund management in 2001-2008. We use bootstrap methodology to distinguish between skill and luck in the ex-post performance of fund. This statistical technique considers the complex non-nomal distribution of cross-sectional alphas due to heterogeneous risk-taking across funds and non-normalities in individual fund alphas distributions
Identifer | oai:union.ndltd.org:UCHILE/oai:repositorio.uchile.cl:2250/108045 |
Date | January 2011 |
Creators | Armijo Adonis, Jaime Antonio |
Contributors | Stein Bronfman, Roberto, Núñez Errázuriz, Javier, Facultad de Economía y Negocios, Escuela de Economía y Administración |
Publisher | Universidad de Chile, CyberDocs |
Source Sets | Universidad de Chile |
Language | Spanish |
Detected Language | English |
Type | Tesis |
Rights | Armijo Adonis, Jaime Antonio |
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