In this paper we provide critical review of recent developments in the mutual fund
performance evaluation literature. The new literature centres around two main themes …

This article investigates the link between environmental, social and corporate governance
(ESG) ratings and financial performance in the Norwegian stock market. Using Norwegian …

Unlike standard factors, such as value, momentum, and size,“quality” lacks a commonly
accepted definition. Practitioners, however, are increasingly gravitating to this style factor …

The multifactor investing framework has become very popular in the indexing community.
Both academic and practitioner researchers have documented hundreds of equity factors …

Many practitioners use technical trading in derivatives markets, especially futures. Academic
researchers, by contrast, consider “charting” to be without merit because it would violate the …

Factor‐based allocation embraces the idea of factors, as opposed to asset classes, as the
ultimate building blocks of investment portfolios. We examine whether there is a superior …

This paper analyses smart beta ETF performance and provides the first evidence on the
funds' performance persistence. Our sample is comprised of 152 US equity smart beta ETFs …

Shariah-compliant investment guidelines, while explicit on screening criteria for stock
selection, are silent on the weighting methods to be used in the construction of Shariah …

As passive investing gains traction, an important question is whether active fund manager
performance justify the fees charged. South Africa's investment industry is arguably the most …

This paper fundamentally looks at the novel concept of Smart Beta investing in constructing
a more efficient and well-diversified alternative investment. Smart beta has been a popular …