TAILIEUCHUNG - Mutual Fund Performance Evaluation Evaluation: A Comparison Of Benchmarks And Benchmark Comparisons

Government policies are therefore needed to support the commercialisation of new technologies (R&D tax credits; accelerated depreciation; investment incentives; government support for venture capital funds; and output-stage support such as feed-in tariffs etc.) and to correct market failures through carbon pricing). To create this type of „investment grade‟ policy, such support needs to be „loud‟ (big enough to impact the bottom line), „long‟ (for a sustained period) and „legal‟ (with regulatory frameworks clearly established). Another key barrier is the lack of financial instruments enabling pension funds to make these investments. The market for green. | Mutual Fund Performance Evaluation A Comparison of Benchmarks and Benchmark Comparisons STOR Bruce N. Lehmann David M. Modest The Journal of Finance Volume 42 Issue 2 Jun. 1987 233-265. Stable URL http sici sici 0022-1082 28198706 2942 3A2 3C233 3AMFPEAC 3B2-3 Your use of the JSTOR archive indicates your acceptance of JSTOR s Terms and Conditions of Use available at http about . JSTOR s Terms and Conditions of Use provides in part that unless you have obtained prior permission you may not download an entire issue of a journal or multiple copies of articles and you may use content in the JSTOR archive only for your personal non-commercial use. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. The Journal of Finance is published by American Finance Association. Please contact the publisher for further permissions regarding the use of this work. Publisher contact information may be obtained at http joumals . The Journal of Finance 1987 American Finance Association JSTOR and the JSTOR logo are trademarks of JSTOR and are Registered in the . Patent and Trademark Office. For more information on JSTOR contactjstor-info@. 2003 JSTOR http Thu Apr 3 06 43 22 2003 THE JOURNAL OF FINANCE VOL. XLII NO. 2 JUNE 1987 Mutual Fund Performance Evaluation A Comparison of Benchmarks and Benchmark Comparisons BRUCE N. LEHMANN and DAVID M. MODEST ABSTRACT The authors main goal in this paper is to ascertain whether conventional measures of abnormal mutual fund performance are sensitive to the benchmark chosen to measure normal performance. They employ the standard CAPM benchmarks and a variety of APT benchmarks to investigate this question. They find little similarity between the absolute and relative mutual fund rankings obtained from these alternative benchmarks which suggests the importance

• Quỹ đầu tư
• Oncology Patients
• Cancer Illness
• Pediatric Infectious
• Fungal Infections
• Patients of Paediatric Age
• Infantile Chronic
• BMC Cancer
• Oncology clinical trial drug interaction
• Drug drug interactions
• Clinically relevant DDI
• Adequately screen
• Hospital at home care
• Oncology care at home
• Supportive oncology care at home
• Treatment toxicities
• Pediatric patients undergoing radiotherapy
• Oncology centre
• Hue Central Hospital
• Clinical important complication
• Neurology during
• Measles outbreak
• Collected demographic
• Medical software
• Pediatric oncology patients
• Estimated glomerular filtration rate
• Measured glomerular filtration rate
• MDRD formula
• Psycho oncological care
• Cancer patients
• Psychosocial distress
• Psycho oncology service uptake
• Generation and Impact
• Neural Invasion
• Cognitive Remediation Therapy