Are Funds True to Label? Matching Qualitative and Quantitative Information – Internet Appendix

19 Pages Posted: 30 Sep 2015

See all articles by Zhe Chen

Zhe Chen

Acadian Asset Management; University of New South Wales (UNSW); Centre for International Finance and Regulation (CIFR)

David R. Gallagher

Rozetta Institute

Camille Schmidt

SuperRatings

Date Written: September 29, 2015

Abstract

A number of prior studies have examined qualitative and quantitative indicators that help investors decide which funds to invest in. The majority of these have focused on indicators of performance, which fit broadly into two categories: measures of the funds’ historical performance (e.g. risk adjusted returns, expense ratios etc.), and manager characteristics independent of past investment decisions (e.g. education and experience of the fund managers themselves). Recent studies, including Foster and Warren (2014), have highlighted the importance of non-performance characteristics (e.g. people and processes) that significantly influence the investment decision, particularly for institutional multi-manager investors. With the context of these past studies in mind, this research seeks to determine the value of Investment Management Questionnaires in accurately capturing true investment characteristics of the funds.

The paper "Are Funds True to Label? Matching Qualitative and Quantitative Information" to which these Appendices apply is available at the following URL: http://ssrn.com/abstract=2513658

Suggested Citation

Chen, Zhe and Gallagher, David R. and Schmidt, Camille, Are Funds True to Label? Matching Qualitative and Quantitative Information – Internet Appendix (September 29, 2015). CIFR Paper No. 042(a)/2015. Available at SSRN: https://ssrn.com/abstract=2666818 or http://dx.doi.org/10.2139/ssrn.2666818

Zhe Chen (Contact Author)

Acadian Asset Management ( email )

260 Franklin Street
Boston, MA 02110
United States

University of New South Wales (UNSW)

Kensington
High St
Sydney, NSW 2052
Australia

Centre for International Finance and Regulation (CIFR) ( email )

Level 7, UNSW CBD Campus
1 O'Connell Street
Sydney, NSW 2000
Australia

David R. Gallagher

Rozetta Institute ( email )

Sydney

Camille Schmidt

SuperRatings

Australia

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