Residential College | false |
Status | 已發表Published |
Do AI-powered mutual funds perform better? | |
Chen, Rui; REN, Jinjuan | |
2022-06 | |
Source Publication | Finance Research Letters |
ABS Journal Level | 2 |
ISSN | 1544-6123 |
Volume | 47Issue:Part APages:102616 |
Abstract | We evaluate the performance of artificial intelligence (AI)-powered mutual funds. We find that these funds do not outperform the market per se. However, a comparison shows that AI-powered funds significantly outperform their human-managed peer funds. We further show that the outperformance of AI funds is attributable to their lower transaction cost, superior stock-picking capability, and reduced behavioral biases. |
Keyword | Artificial Intelligence Mutual Fund Performance Behavioral Biases |
DOI | 10.1016/j.frl.2021.102616 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
Funding Project | The Influence of Suppressed Short-Sale Demand on Asset Pricing and Corporate Decisions |
WOS Research Area | Business & Economics |
WOS Subject | Business, Finance |
WOS ID | WOS:000821879600029 |
Publisher | ScienceDirect |
Scopus ID | 2-s2.0-85121294373 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS Faculty of Business Administration |
Corresponding Author | REN, Jinjuan |
Affiliation | University of Macau |
First Author Affilication | University of Macau |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Chen, Rui,REN, Jinjuan. Do AI-powered mutual funds perform better?[J]. Finance Research Letters, 2022, 47(Part A), 102616. |
APA | Chen, Rui., & REN, Jinjuan (2022). Do AI-powered mutual funds perform better?. Finance Research Letters, 47(Part A), 102616. |
MLA | Chen, Rui,et al."Do AI-powered mutual funds perform better?".Finance Research Letters 47.Part A(2022):102616. |
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1-s2.0-S154461232100(363KB) | 期刊论文 | 作者接受稿 | 开放获取 | CC BY-NC-SA | View Download |
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