期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2016
卷号：5
期号：1
页码：1-12
DOI：10.5923/j.ijfa.20160501.01
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：This main purpose of the research is to examine the market timing and stock selection abilities of the Indian Asset Management Companies (AMC’s) from April 2000 to March 2014. To achieve the major objective of the study, unconditional market timing techniques are applied on a sample size of 62 mutual fund schemes developed by Treynor & Mazuy (1966) and Henriksson & Merton (1981). The research also characterized the results on the basis of institutional sponsorships and investment objectives of the sample mutual fund schemes managed by asset management companies. The study confirms the presence of stock selection abilities but Indian asset management companies do not exhibit the market timing abilities to create additional value to the managed funds within the study period.
