Selectivity and market timing performance of fidelity sector mutual funds

Financial Review

Volumn 36, Issue 1, 2001, Pages 39-54

  Dellva, Wilfred L ^a   DeMaskey, Andrea L ^a   Smith, Colleen A ^a  

^a VILLANOVA UNIVERSITY   (United States)

Author keywords

Fidelity select; Market timing; Mutual fund; Performance; Selectivity

Indexed keywords

EID: 8844264182     PISSN: 07328516     EISSN: 15406288     Source Type: Journal    
DOI: 10.1111/j.1540-6288.2001.tb00003.x     Document Type: Article

References (21)

1. Admati, A., S. Bhattacharya., P. Pfiederer., and S. Ross., 1986. On timing and selectivity, Journal of Finance 41, 715-730.
2. Beckers, S., 1997. Manager skills and investment performance: How strong is the link Journal of Portfolio Management 23, 9-23.
3. Brown, K.C., W.F. Harlow., and L. Starks., 1996. Of tournaments and temptations: An analysis of managerial incentives in the mutual fund industry, Journal of Finance 51, 85-110.
4. Daniel, K., M. Grinblatt., S. Titman., and R. Wermers., 1997. Measuring mutual fund performance with characteristic-based benchmarks, Journal of Finance 52, 1035-1058.
5. Dow Jones., Industry Benchmarks (Dow Jones, Inc., New York, NY).
6. Grinblatt, M., and S. Titman., 1988. The evaluation of mutual fund performance: An analysis of monthly returns. Working paper, University of California, Los Angeles.
7. Grinblatt, M., and S. Titman., 1989a. Mutual fund performance: An analysis of quarterly portfolio holdings. Journal of Business 62, 393-416.
8. Henriksson, R.D., 1984. Market timing and mutual fund performance: An empirical investigation, Journal of Business 57, 73-96.
9. Henriksson, R.D., and R.C. Merton., 1981. On the market timing and investment performance II: Statistical procedures for evaluating forecasting skills, Journal of Business 54, 513-533.
10. Jensen, M.C., 1968. The performance of mutual funds in the period 1945-1964, Journal of Finance 23, 389-416.
11. Kao, G.W., L.T.W. Cheng., and K.C. Chan., 1998. International mutual fund selectivity and market timing during up and down market conditions. The Financial Review 33, 127-144.
12. Kon, S.J., 1983. The market-timing performance of mutual fund managers, Journal of Business 56, 323-347.
13. Kon, S.J., and F.C. Jen., 1978. Estimation of time-varying systematic risk and performance for mutual fund portfolios: An application of switching regression, Journal of Finance 33, 457-475.
14. Lee, C.F., and S. Rahman., 1990. Market timing, selectivity, and mutual fund performance: An empirical investigation, Journal of Business 63, 261-278.
15. Lehmann, B., and D. Modest., 1987. Mutual fund performance evaluation: A comparison of benchmarks and benchmark comparisons, Journal of Finance 42, 233-265.
16. Morningstar Mutual Funds On Disc. (Morningstar, Inc., Chicago, IL).
17. Mutual Fund Guide, 1998. (Fidelity Investments, Boston, MA).
18. Mutual Fund Fact Book, 1999. (Investment Company Institute, Washington, D.C.).
19. Rennie, E.P., and T.J. Cowhey., 1990. The successful use of benchmark portfolios: A case study, Financial Analysts Journal 46, 18-26.
20. Sirri, E.R., and P. Tufano., 1998. Costly search and mutual fund flows, Journal of Finance 53, 1589-1622.
21. Treynor, J.L., and K. Mazuy., 1966. Can mutual funds outguess the market Harvard Business Review 44, 131-136.