Measuring fund performance using multi-factor models: evidence for the Portuguese market

This paper examines the performance of Portuguese equity funds investing in the domestic and in the European Union market, using several unconditional and conditional multi-factor models. In terms of overall performance, we find that National funds are neutral performers, while European Union funds...

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Bibliographic Details
Main Author: Leite, Paulo (author)
Other Authors: Cortez, Maria Céu (author), Armada, Manuel Rocha (author)
Format: article
Language:eng
Published: 2014
Subjects:
Mutual funds
Performance evaluation
Multi-factor models
Conditional models
Online Access:http://hdl.handle.net/11110/592
Country:Portugal
Oai:oai:ciencipca.ipca.pt:11110/592

Internet

http://hdl.handle.net/11110/592

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