Managed funds

Mutual funds


Rebuilding business for society

This report reveals the contrasting views employees of different types of firm have about their workplaces in terms of purpose, and the importance of ownership to these perceptions. Taking these results, the authors discuss why diverse forms of ownership are necessary to achieve the broader...
Working paper

When Funds Diverge From Their Long-Term Factor Loadings: A Comparison of Australian and US Mutual Funds

Using a replicating portfolio method to capture the long-term risk loadings of Australian active institutional funds, we investigate patterns in how actual disclosed fund returns diverge from those anticipated by their factor loadings. We find that Australian funds’ returns generate positive alpha, are tilted slightly...
Working paper

Are funds true to label? matching qualitative and quantitative information

Our contribution to funds management research is in matching qualitative information sourced from the fund manager with their own quantitative data concerning what assets they own, how they trade, and how their portfolios are managed. We find that survey responses are informative of characteristic values...
Working paper

Testing the effect of portfolio holdings disclosure in an environment absent of mandatory disclosure

An effective portfolio disclosure regime must balance both its costs and benefits across the entire financial services industry. This study examines a number of disclosure regimes with respect to accuracy and susceptibility to copycat behaviour in an environment absent of mandatory disclosure. We find that...