Multi-Variable Regression Analysis For the Prediction of Equity Returns Over 10 Year Periods
by Arjun Singh Jaswal Abstract The use of 5 variables is examined in order to forecast ex ante the total return from holding equities over 10 year periods. The 5 variables are a moving average of Campbell and Shiller’s P/E ratio, Robert B. Barsky and J. Bradford De Long’s log price predictor, a function of […]
Assessing the Performance of Actively Managed Global Funds
by Luyuan Fan Abstract It has been widely debated whether managed funds outperform their index counterparts. Many scholars have carried out empirical testing for U.S. managed funds, but few have examined global funds. This study compares the total returns and risk-adjusted returns for 29 largest global funds with that of a basket of Vanguard indexes […]
