Managerial Finance


Accounting and Finance

Table Of Contents: Volume 44 Issue 3 - Special Issue: Mutual Funds

Actively managed ETFs vs actively managed mutual funds

D. Eli Sherrill, Kate Upton

The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also…

Portfolio turnover activity and mutual fund performance

Claudia Champagne, Aymen Karoui, Saurin Patel

The purpose of this paper is to propose a new measure of portfolio activity, the modified turnover (MT), which represents the portion of the portfolio that the manager…

Trading on ETF mispricings

Yvonne Kreis, Johannes W. Licht

Prior literature has shown deviations between ETF prices and their net-asset-value (NAV) to exist. Fulkerson and Jordan (2013, p. 31) question “if there exists a true…

Energy mutual funds and oil prices

Alper Gormus, John David Diltz, Ugur Soytas

The purpose of this paper is to examine the price level and volatility impacts of oil prices on energy mutual funds (EMFs). The authors also examine specific fund…

Life after death: acquired fund performance

Anni Lapatto, Vesa Puttonen

The purpose of this paper is to study how the target fund in mutual fund mergers performed compared to the acquiring funds had they not been merged but continued on their…



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  • Professor Don Johnson