How to cite this paper
Musah, A., Senyo, D & Nuhu, E. (2014). Market timing and selectivity performance of mutual funds in Ghana.Management Science Letters , 4(7), 1361-1368.
Refrences
Admati, A. R., Bhattacharaya, S., Pfleildrer, P. & Ross, S. A. (1986). On timing and selectivity. Journal of Finance, 16(3), 715-732.
Amitabh, G. (2001). Mutual funds in India: A study of investment management. Finance India, 15(2), 631-637.
Bhattacharya S. & Pfleiderer, P. (1983). A note on performance evaluation. Technical Report 714 Stanford, California: Stanford University, Graduate School of Business.
Chang, E. & Lewellen, W. (1984). Market timing and mutual fund investment performance. The Journal of Business, 57, 57-72.
Chua J. H. & Woodward, R. S. (1986). Gains from Market Timing. Monograph No 1986 – 2, New York University.
Coggin, T. D., Fabozzi, F. J., & Rahman, S. (1993). The investment performance of US equity pension fund managers: An empirical investigation. The Journal of Finance, 48(3), 1039-1055.
Connor, G. & Korajzcyk, R. A. (1986). Performance measurement with the arbitrage pricing theory: A new framework for analysis. Journal of Financial Economics, 15(3), 374 – 394.
Cumby R. & Glen, J. (1990). Evaluating the performance of international mutual funds. Journal of Finance, 45(2), 497 – 521.
Daniel, K., Grinblatt, M., Titman, S., & Wermers, R. (1997). Measuring mutual fund performance with characteristic?based benchmarks. The Journal of finance, 52(3), 1035-1058.
Fama, E. F. (1972). Components of investment performance. Journal of Finance, 17(3), 551-567.
Gallo J. & Swanson, P. (1996). Comparative Measures of Performance for US Based International Equity Mutual Funds. Journal of Banking and Finance, 20(10), 1635 – 1650.
Grinblatt M. & Titman, S. (1988). Mutual fund performance: An analysis of monthly returns. Working Paper, University of California, Los Angeles.
Henriksson, R. D. & Merton, R. C. (1981). On market timing and investment performance II: Statistical procedures for evaluating forecasting skills. Journal of Business, 54(4), 513 – 533.
Henriksson, R. D. (1984). Market timing and mutual fund performance: An empirical investigation. Journal of Business, 57(1), 73 – 86.
Investment Company Fact Book (52nd and 53rd editions); A review of trends and activity in the U.S. investment company industry.
Jensen, M. C. (1968). The performance of mutual funds in the period 1945-1964. Journal of Finance, 23(2), 389 – 416.
Kadiyala R. & Lockwood L. (1998). Measuring investment performance with a stochastic parameter regression model. Journal of Banking and Finance, 12(3), 457 – 467.
Keith C., Dirk N. & Niall O. (2010). The market timing ability of UK mutual funds. Journal of Business Finance & Accounting, 37(1-2), 270 – 289.
Ken J. S. and Jen C. F. (1979). The Investment performance of mutual funds and empirical investigation of timing selectivity and market efficiency. Journal of Business, 52(2), 263 – 289.
Lehmann, B. N., & Modest, D. M. (1987). Mutual fund performance evaluations: A comparison of benchmarks and benchmarks comparisons. Journal of Finance, 42(2), 233 – 265.
Merton, R. C. (1981). On market timing and investment performance: An equilibrium theory of Value for market forecasts. Journal of Business, 54, 363 – 406.
Nalini, P. T. (2006). Market timing abilities and mutual fund performance - An empirical investigation into equity linked saving schemes. VilakshanXIMB Journal of Management, 127 – 138.
Nikolaos, P. (2002). Market timing and selectivity: An empirical investigation into the features of Greek mutual fund managers. The Journal of Applied Business Research, 18(3), 97-108
Sanjay, S. & Manoj, J. (2008). On stock selection skill and market timing abilities of mutual fund managers in India. International Research journal of finance & economics, 15, 307 – 317.
SEC annual reports: 2007, 2008, 2009, 2010, 2011 and 2012 editions.
Sinclair, N. A. (1990). Market timing ability of pooled superannuation funds. Accounting and Finance, 51 –65.
Surinder, K. M. (2011). Market Timing Ability of Indian Mutual Funds. VSRD International Journal of Business & Management Research, 1(7), 416-427.
Tihana ?. (2013). Market timing ability of mutual funds with tests applied on several Croatian funds. Croatian Operational Research Review (CRORR), 4, 176 – 186.
Tkac, P. A. (2001). The Performance of Open-end International Mutual Funds. Atlanta Fed & apos; s Research Department, Federal Reserve Bank of Atlanta Economic Review, 3rd Quarter 2001
Treynor, J. L. & Mazuy, K. (1966). Can Mutual Funds Outguess the Market? Harvard Business Review, 44, 131 - 136.
Treynor, J. L., & Black, F. (1973). How to Use Security Analysis to Improve Portfolio Selection. Journal of Business, 46, 66 – 86.
Veite, T. & Cheney, J. M. (1982). Are Mutual Funds Market Timers? Journal of portfolio Management, 8, 35-42.
Amitabh, G. (2001). Mutual funds in India: A study of investment management. Finance India, 15(2), 631-637.
Bhattacharya S. & Pfleiderer, P. (1983). A note on performance evaluation. Technical Report 714 Stanford, California: Stanford University, Graduate School of Business.
Chang, E. & Lewellen, W. (1984). Market timing and mutual fund investment performance. The Journal of Business, 57, 57-72.
Chua J. H. & Woodward, R. S. (1986). Gains from Market Timing. Monograph No 1986 – 2, New York University.
Coggin, T. D., Fabozzi, F. J., & Rahman, S. (1993). The investment performance of US equity pension fund managers: An empirical investigation. The Journal of Finance, 48(3), 1039-1055.
Connor, G. & Korajzcyk, R. A. (1986). Performance measurement with the arbitrage pricing theory: A new framework for analysis. Journal of Financial Economics, 15(3), 374 – 394.
Cumby R. & Glen, J. (1990). Evaluating the performance of international mutual funds. Journal of Finance, 45(2), 497 – 521.
Daniel, K., Grinblatt, M., Titman, S., & Wermers, R. (1997). Measuring mutual fund performance with characteristic?based benchmarks. The Journal of finance, 52(3), 1035-1058.
Fama, E. F. (1972). Components of investment performance. Journal of Finance, 17(3), 551-567.
Gallo J. & Swanson, P. (1996). Comparative Measures of Performance for US Based International Equity Mutual Funds. Journal of Banking and Finance, 20(10), 1635 – 1650.
Grinblatt M. & Titman, S. (1988). Mutual fund performance: An analysis of monthly returns. Working Paper, University of California, Los Angeles.
Henriksson, R. D. & Merton, R. C. (1981). On market timing and investment performance II: Statistical procedures for evaluating forecasting skills. Journal of Business, 54(4), 513 – 533.
Henriksson, R. D. (1984). Market timing and mutual fund performance: An empirical investigation. Journal of Business, 57(1), 73 – 86.
Investment Company Fact Book (52nd and 53rd editions); A review of trends and activity in the U.S. investment company industry.
Jensen, M. C. (1968). The performance of mutual funds in the period 1945-1964. Journal of Finance, 23(2), 389 – 416.
Kadiyala R. & Lockwood L. (1998). Measuring investment performance with a stochastic parameter regression model. Journal of Banking and Finance, 12(3), 457 – 467.
Keith C., Dirk N. & Niall O. (2010). The market timing ability of UK mutual funds. Journal of Business Finance & Accounting, 37(1-2), 270 – 289.
Ken J. S. and Jen C. F. (1979). The Investment performance of mutual funds and empirical investigation of timing selectivity and market efficiency. Journal of Business, 52(2), 263 – 289.
Lehmann, B. N., & Modest, D. M. (1987). Mutual fund performance evaluations: A comparison of benchmarks and benchmarks comparisons. Journal of Finance, 42(2), 233 – 265.
Merton, R. C. (1981). On market timing and investment performance: An equilibrium theory of Value for market forecasts. Journal of Business, 54, 363 – 406.
Nalini, P. T. (2006). Market timing abilities and mutual fund performance - An empirical investigation into equity linked saving schemes. VilakshanXIMB Journal of Management, 127 – 138.
Nikolaos, P. (2002). Market timing and selectivity: An empirical investigation into the features of Greek mutual fund managers. The Journal of Applied Business Research, 18(3), 97-108
Sanjay, S. & Manoj, J. (2008). On stock selection skill and market timing abilities of mutual fund managers in India. International Research journal of finance & economics, 15, 307 – 317.
SEC annual reports: 2007, 2008, 2009, 2010, 2011 and 2012 editions.
Sinclair, N. A. (1990). Market timing ability of pooled superannuation funds. Accounting and Finance, 51 –65.
Surinder, K. M. (2011). Market Timing Ability of Indian Mutual Funds. VSRD International Journal of Business & Management Research, 1(7), 416-427.
Tihana ?. (2013). Market timing ability of mutual funds with tests applied on several Croatian funds. Croatian Operational Research Review (CRORR), 4, 176 – 186.
Tkac, P. A. (2001). The Performance of Open-end International Mutual Funds. Atlanta Fed & apos; s Research Department, Federal Reserve Bank of Atlanta Economic Review, 3rd Quarter 2001
Treynor, J. L. & Mazuy, K. (1966). Can Mutual Funds Outguess the Market? Harvard Business Review, 44, 131 - 136.
Treynor, J. L., & Black, F. (1973). How to Use Security Analysis to Improve Portfolio Selection. Journal of Business, 46, 66 – 86.
Veite, T. & Cheney, J. M. (1982). Are Mutual Funds Market Timers? Journal of portfolio Management, 8, 35-42.