Abhay Kaushik

Radford University | Radford · Department of Accounting, Finance and Business Law

Empirical evidence on the performance of real estate mutual funds is mixed. Moreover, despite the growth of new money cash flows into the funds, research on investor rationales for the same is limited. Recent research in diversified mutual funds suggests that conventional statistics give misleading results and wrongly attribute fund performance to...

This article examines the performance of 1374 actively managed mutual funds over the period 2000-2011 in order to identify trading strategies which may be used by financial planners and investors in selecting the right type of mutual funds to achieve specific investment goals. Each mutual fund's performance is measured in excess returns. The key ch...

The timing ability of real estate mutual fund managers over market cycles in both the real estate sector and the broader economy from 1990 through 2009 is investigated. Results indicate that real estate fund managers exhibit positive timing ability in bull markets, but not in bear markets. Consistent with previous research, no significant timing or...

This article analyses 1349 well-diversified, actively managed equity mutual funds across nine different categories from the period January 1992 to November 2011, based on the management style (active or passive), pursued by fund managers who receive new money as it flows (commonly known as flow of funds) into the mutual funds. Results of this resea...

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This paper investigates the performance of mutual funds that hold a small number of stocks in their portfolio. Similar to results reported in the literature for the average diversified mutual fund, our results indicate that the average small holding fund does not outperform the S&P 500 Index. On average, small holding funds under-perform the market...

This study examines effects of reported and oral central bank intervention announcements from the major industrialized countries on daily Euro/$ and Yen/$ exchange rates from 1980-2006. Oral statements are disaggregated by announcement source, then by country of origin and finally whether unilateral or coordinated. Unilateral and coordinated oral i...

Purpose Market‐timing skills of fund managers are an important issue for both mutual fund investors and researchers. The purpose of this paper is to analyze the market‐timing skills and determinants of performance of sector funds across business cycles to see whether sector fund managers exhibit different market‐timing abilities across business cyc...

Purpose - Market-timing skills of fund managers are an important issue for both mutual fund investors and researchers. The purpose of this paper is to analyze the market-timing skills and determinants of performance of sector funds across business cycles to see whether sector fund managers exhibit different market-timing abilities across business c...