Research Article of Journal of Theoretical and Applied Economics
“Active fund managers will always underperform in behavioural market?”
Yibin Liu
This paper mainly digs out reasons behind a common view that active fund managers perform poorly in behavioural market at most instances. Based on some economics theories and behaviour finance theories, the paper discusses five reasons arouse underperformance by active managers. Accordingly, these causes are divided into internal and external perspectives as well.
Keywords: behaviour finance theories,active managers underperformance
[rml_read_more]
How to cite this article:
Yibin Liu. “Active fund managers will always underperform in behavioural market?” Journal of Theoretical and Applied Economics, 2018, 2: 1.DOI: 10.28933/jtae-2018-03-0801
References:
1. Hulbert, M. (2017, May 13). This is how many fund managers actually beat index funds. Retrieved from https://www.marketwatch.com/story/why-way-fewer-actively-managed-funds-beat-the-sp-than-we-thought-2017-04-24.
2. Garfield, N. (2014, September 2). Six reasons why fund managers can’t beat the markets. Retrieved from https://www.irishtimes.com/business/personal-finance/six-reasons-why-fund-managers-can-t-beat-the-markets-1.1914292
3. Meyer, G. (2018, February 27). Fundamentals do not matter to new breed of oil speculator. From https://www.ft.com/content/cee7050c-1b74-11e8-aaca-4574d7dabfb6.
4. URL：http://www.economicshelp.org
Terms of Use/Privacy Policy/ Disclaimer/ Other Policies:
You agree that by using our site, you have read, understood, and agreed to be bound by all of our terms of use/privacy policy/ disclaimer/ other policies (click here for details).
This work and its PDF file(s) are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.