Does Past Performance Matter in Investment Manager Selection?
B Cornell, J Hsu, D Nanigian - The Journal of Portfolio …, 2017 - pm-research.com
The authors empirically investigate the investment impact of commonly used manager
selection heuristics that involve redeploying assets from underperforming to outperforming …
selection heuristics that involve redeploying assets from underperforming to outperforming …
Advice on Mutual Fund Selection.
D Nanigian - Journal of Financial Service Professionals, 2012 - search.ebscohost.com
Many empirical studies on mutual fund performance have led investors to believe that a
negative relationship exists between expenses and performance. This article shows how there …
negative relationship exists between expenses and performance. This article shows how there …
Why do mutual fund expenses matter?
D Nanigian - Financial Services Review, 2012 - papers.ssrn.com
This article develops a theory that the intensity of investor monitoring explains much of the
relationship between expenses and performance. I instrument for investor monitoring through …
relationship between expenses and performance. I instrument for investor monitoring through …
The impact of passive investing on corporate valuations
Purpose – The purpose of this paper is to explore the impact of S&P 500 index fund money
flow on the valuations of companies that are constituents of the index and those that are not. …
flow on the valuations of companies that are constituents of the index and those that are not. …
What determines risk tolerance?
M Guillemette, D Nanigian - Financial Services Review …, 2014 - papers.ssrn.com
It is important for financial planners to understand what drives risk tolerance as it directly
influences the portfolio allocation preference of clients. Possible explanations for determinants …
influences the portfolio allocation preference of clients. Possible explanations for determinants …
Updated advice on mutual fund selection
D Nanigian - Journal of Financial Planning, 2015 - search.proquest.com
In 2012, the author published a literature review in the Journal of Financial Service Professionals
on the characteristics of actively managed mutual funds that are indicative of future …
on the characteristics of actively managed mutual funds that are indicative of future …
Redemption Fees: Reward for Punishment
Short-term redemption fees may prevent investors from frequently trading in and out of mutual
funds, which results in an implicit wealth transfer from long-to short-term fund investors. …
funds, which results in an implicit wealth transfer from long-to short-term fund investors. …
A More Informative Measure of Active Fund Performance
D Nanigian - Available at SSRN 1775396, 2011 - papers.ssrn.com
This paper presents a new measure of active fund performance that evaluates funds in a
manner which is aligned with what investors seek to optimize: utility. Unlike the information ratio…
manner which is aligned with what investors seek to optimize: utility. Unlike the information ratio…
The Historical Record on Active versus Passive Mutual Fund Performance
D Nanigian - The Journal of Investing, 2022 - pm-research.com
This study examines the risk-adjusted performance of actively managed mutual funds
versus passively managed mutual funds between 1991 and 2019 and finds that there is no …
versus passively managed mutual funds between 1991 and 2019 and finds that there is no …
The Expense-Performance Relationship (or Lack Thereof)
D Nanigian - Journal of Financial Planning, 2016 - search.proquest.com
In this month's column, the author points out an econometric problem with the majority of the
empirical studies that have documented a negative expense-performance relationship and …
empirical studies that have documented a negative expense-performance relationship and …