David M. Smith

State University of New York at Albany - School of Business

Director, Center for Institutional Investment Management

1400 Washington Ave.

Albany, NY 12222

United States

http://www.albany.edu/ciim

SCHOLARLY PAPERS

25

DOWNLOADS
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Top 3,264

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10,821

CITATIONS
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Top 11,518

in Total Papers Citations

35

Scholarly Papers (25)

1.

Head and Shoulders Above the Rest? The Performance of Institutional Portfolio Managers Who Use Technical Analysis

Number of pages: 37 Posted: 17 Jan 2013
David M. Smith, Christophe Faugère and Ying Wang
State University of New York at Albany - School of Business, Kedge Business School Bordeaux and State University of New York at Albany - School of Business
Downloads 4,416 (1,735)

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technical analysis, portfolio management, institutional investment

2.

Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry

Journal of Financial and Quantitative Analysis (JFQA), Vol. 51, No. 6, December 2016, pp. 1991-2013
Number of pages: 47 Posted: 22 Jun 2014 Last Revised: 05 Feb 2017
David M. Smith, Na Wang, Ying Wang and Edward J. Zychowicz
State University of New York at Albany - School of Business, Hofstra University - Frank G. Zarb School of Business, State University of New York at Albany - School of Business and Hofstra University - Department of Finance
Downloads 986 (20,809)

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Investor sentiment, technical analysis, hedge funds, fund performance, risk, timing ability

Performance and Characteristics of Actively Managed Institutional Equity Mutual Funds

Journal of Investing, Vol. 18, No. 1, pp. 27-44, Spring 2009
Number of pages: 18 Posted: 13 Apr 2009 Last Revised: 13 Mar 2017
H. Kent Baker, John A. Haslem and David M. Smith
American University - Kogod School of Business, University of Maryland - Robert H. Smith School of Business and State University of New York at Albany - School of Business
Downloads 504 (51,243)
Citation 3

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performance characteristics, actively managed institutional mutual funds, expense ratio class, Miller active alpha, 12b-1 fees, deferred loads, management fees, portfolio turnover, institutional investors, beta, dividend yield

Performance and Characteristics of Actively Managed Institutional Equity Mutual Funds

Number of pages: 36 Posted: 23 Apr 2008 Last Revised: 29 Feb 2016
H. Kent Baker, John A. Haslem and David M. Smith
American University - Kogod School of Business, University of Maryland - Robert H. Smith School of Business and State University of New York at Albany - School of Business
Downloads 397 (68,883)
Citation 3

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mutual funds, institutional actively managed, economies of scale, fund performance and characteristics, expense ratios, active alpha

Identification and Performance of Equity Mutual Funds with High Management Fees and Expense Ratios

Journal of Investing, Vol. 16, No. 2, pp. 32-51, Summer 2007
Number of pages: 20 Posted: 24 May 2008 Last Revised: 28 Feb 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 663 (35,773)
Citation 8

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actively managed, equity mutual funds, management fees, expense ratios, associations with performance

Identification and Performance of Equity Mutual Funds with High Management Fees and Expense Ratios

Number of pages: 41 Posted: 20 May 2012 Last Revised: 29 Feb 2016
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 153 (183,192)
Citation 8

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mutual funds, expense ratios, price competition, management fees, performance measures, active vs. passive portfolios, fiduciary duty

5.

Do 'Dogs of the World' Bark or Bite? Evidence From Single-Country ETFs

Journal of Investing, Forthcoming
Number of pages: 20 Posted: 15 Jun 2013 Last Revised: 10 Apr 2014
David M. Smith and Vladimir Pantilei
State University of New York at Albany - School of Business and SUNY at Albany - School of Business
Downloads 777 (29,252)

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6.

Performance and Characteristics of Actively Managed Retail Mutual Funds with Diverse Expense Ratios

Financial Services Review, Vol. 17, No. 1, pp. 49-68, Spring 2008
Number of pages: 20 Posted: 08 Jul 2008 Last Revised: 11 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 496 (52,877)
Citation 7

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mutual funds, retail actively managed funds, expense ratios, performance, expense ratio class, characteristics, larger vs. smaller funds

7.

The Economics of Mutual Funds

A COMPANION TO MUTUAL FUNDS, John A. Haslem, ed., Forthcoming
Number of pages: 29 Posted: 04 Jun 2009
David M. Smith
State University of New York at Albany - School of Business
Downloads 360 (77,881)

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Mutual Funds, Firm Organization and Market Structure

8.

Equity Hedge Fund Performance, Cross-Sectional Return Dispersion, and Active Share

Smith, David M., “Equity Hedge Fund Performance, Cross-Sectional Return Dispersion, and Active Share,” 2014, Research in Finance, 30, 1-22.
Number of pages: 33 Posted: 12 Jan 2014 Last Revised: 10 Apr 2014
David M. Smith
State University of New York at Albany - School of Business
Downloads 311 (92,007)

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Hedge funds, equities, portfolio choice

Institutional S&P 500 Index Mutual Funds as Financial Commodities: Fact or Fiction?

Number of pages: 26 Posted: 23 Apr 2008 Last Revised: 03 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 207 (139,427)

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mutual funds, institutional index, financial commodity, price competition, minimum initial purchase

Institutional S&P 500 Index Mutual Funds as Financial Commodities: Fact or Fiction?

Journal of Investing, Vol. 17, No. 2, pp. 24-34, Summer 2008
Number of pages: 11 Posted: 15 Jun 2008 Last Revised: 27 Jul 2016
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 102 (250,745)

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mutual funds, S&P 500 Index funds, financial commodities, price competition, expense ratio, performance, characteristics, standard deviation classes, retail index funds, 12b-1 fees, uninformed investors

10.

Performance and Characteristics of Retail S&P 500 Index Mutual Funds

Number of pages: 12 Posted: 13 Jun 2008 Last Revised: 02 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 234 (124,080)

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mutual funds, retail index funds, performance, characteristics, expense ratio, 12b-1 fees, Sharpe index, Jensen alpha

11.

Performance and Characteristics of Actively Managed Retail Equity Mutual Funds with Diverse Expense Ratios

Number of pages: 30 Posted: 12 May 2008 Last Revised: 02 Oct 2018
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 230 (126,244)
Citation 8

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mutual funds, actively managed retail, performance, characteristics, expense ratios

12.

Evaluating Hedge Fund Performance

Hedge Funds: Structure, Strategies, and Performance, H. Kent Baker and Greg Filbeck (eds.), Oxford University Press, Forthcoming
Number of pages: 34 Posted: 19 Jun 2017
David M. Smith
State University of New York at Albany - School of Business
Downloads 173 (164,555)

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Hedge funds; benchmarks, bias, investor flows, maximum drawdown, multi-factor alpha, performance, security selection, Sharpe ratio

Are Retail S&P 500 Index Funds a Financial Commodity? Insights for Investors

Financial Services Review, Vol. 15, No. 2, pp., 99-116, Summer 2006
Number of pages: 18 Posted: 14 Jul 2008 Last Revised: 28 Feb 2016
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 108 (240,726)
Citation 7

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mutual funds, S&P 500 Index funds, financial commodities, price competition, expense ratio, performance, characteristics, standard deviation classes, retail index funds, 12b-1 fees, uninformed investors

Are Retail S&P 500 Index Funds a Financial Commodity? Insights for Investors

Number of pages: 30 Posted: 08 Sep 2009 Last Revised: 04 Aug 2016
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 43 (401,237)
Citation 7

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mutual funds, S&P 500 Index funds, financial commodities, price competition, expense ratio, performance, characteristics, standard deviation classes, retail index funds, 12b-1 fees, uninformed investors

14.

S&P 500 Index Mutual Funds

Journal of Indexes, Vol. 9, No. 2, pp. 34-38, March/April 2007
Number of pages: 7 Posted: 26 Jun 2009 Last Revised: 03 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 149 (186,978)

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S&P 500 index mutual funds, expense ratio, management fees, risk/return performance measures, portfolio turnover, 12b-1 fees, statistical relationships

15.

Characterizing Value and Growth Investing in Institutional Portfolios

Number of pages: 25 Posted: 12 Sep 2010
Christophe Faugère, Hany A. Shawky and David M. Smith
Kedge Business School Bordeaux, State University of New York at Albany - School of Business and Center for Institutional Investment Management and State University of New York at Albany - School of Business
Downloads 132 (206,147)

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Investment Style, Portfolio Performance Evaluation, Benchmarks.

16.

Another Look at S&P 500 Retail Index Funds: Are S&P 500 Funds a Financial Commodity?

Journal of Indexes, Vol. 11, No. 2, pp. 38-42, March/April 2008
Number of pages: 5 Posted: 17 Jun 2009 Last Revised: 15 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 108 (239,433)

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500 index mutual funds, retail funds, performance, expense ratios, deferred charges, 12b-1 fees, fund size, fund age, financial commodity, less-than-perfect competition, uninformed investors, minimum initial purchase

17.

The Economics of Mutual Funds: Rewards and Risks

Chapter 2 in "Mutual Funds and Exchange-Traded Funds:Building Blocks to Wealth," Edited by H. Kent Baker, Greg Filbeck, and Halil Kiymaz, 2015
Number of pages: 37 Posted: 27 May 2015
David M. Smith
State University of New York at Albany - School of Business
Downloads 101 (250,860)

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Mutual funds, tax-efficient portfolios, fees and loads, scale economies, fiduciary duty, risk-adjusted performance

18.

Excessive Mutual Fund Expenses Also Mean Higher Risk and Worse Performance

Journal of Indexes, Vol. 7, No. 4. pp. 40-41, July/August 2005
Number of pages: 3 Posted: 02 Jul 2009 Last Revised: 14 Mar 2015
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 101 (250,860)
Citation 1

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mutual funds, expense ratios, portfolio characteristics, trading costs, earnings, total returns, risk, risk/return performance, performance attributes

19.

S&P 500 Index Mutual Funds: Diverse Expenses and Performance Characteristics

Number of pages: 13 Posted: 04 Sep 2012 Last Revised: 03 Mar 2017
John A. Haslem, H. Kent Baker and David M. Smith
University of Maryland - Robert H. Smith School of Business, American University - Kogod School of Business and State University of New York at Albany - School of Business
Downloads 37 (416,118)
Citation 1

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mutual funds, S&P 500 index funds, expense ratios, Sharpe ratio, Jensen alpha, star ratings, portfolio turnover, 12b-1 fees

20.

Excessive Mutual Fund Expenses: Not the Complete Story

Number of pages: 10 Posted: 23 Jun 2012 Last Revised: 01 Mar 2016
John A. Haslem, David M. Smith and H. Kent Baker
University of Maryland - Robert H. Smith School of Business, State University of New York at Albany - School of Business and American University - Kogod School of Business
Downloads 33 (432,118)

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mutual funds, excessive expense ratios, portfolio attributes, standard deviations, diversification, trading costs, performance attributes

21.

Sell Discipline and Institutional Money Management

Journal of Portfolio Management, Vol. 30, Spring 2004
Posted: 25 Jun 2014
Christophe Faugère, Hany A. Shawky and David M. Smith
Kedge Business School Bordeaux, State University of New York at Albany - School of Business and Center for Institutional Investment Management and State University of New York at Albany - School of Business

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22.

Optimal Rebalancing Frequency for Stock-Bond Portfolios

Journal of Financial Planning, 19 (November 2006), pp. 52-63
Posted: 25 Jun 2014
David M. Smith and William Desormeau
State University of New York at Albany - School of Business and HANYS Benefit Services

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23.

Mutual Fund Fees and Expenses

A COMPANION TO MUTUAL FUNDS, John A. Haslem, ed., Forthcoming
Posted: 05 Jun 2009
David M. Smith
State University of New York at Albany - School of Business

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Mutual Funds, Prices

24.

Optimal Number of Stock Holdings in Mutual Fund Portfolios Based on Market Performance

Financial Review, Vol. 40, No. 4, November 2005
Posted: 13 Aug 2005
David M. Smith and Hany A. Shawky
State University of New York at Albany - School of Business and State University of New York at Albany - School of Business and Center for Institutional Investment Management

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Mutual funds, portfolio selection, risk-adjusted returns

25.

An Analysis of the Role of Firm Reputation in the Market's Reaction to Corporate Dividends

QUARTERLY REVIEW OF ECONOMICS AND FINANCE, Vol. 37 No. 3, Fall 1997
Posted: 20 Nov 1996
Peter F. Brucato and David M. Smith
State University of New York and State University of New York at Albany - School of Business

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