MUTUAL FUND ATTRIBUTES AND INVESTMENT PERFORMANCE OF MUTUAL FUNDS IN NIGERIA

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Date

2018-06-21

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Department of Accounting Nasarawa State University Keffi.

Abstract

This study examined the relationship between the mutual funds main attributes and their performance. This study employed monthly data for a total sample of 65 mutual funds over a period of most recent seven years (to year end 2017). The data for this study were gathered from secondary sources, the data collected were analyzed using Ordinary Least Square (OLS) regression. The study found that size of fund and fund age are found to have insignificant effect on mutual fund performance in Nigeria, while risk level of mutual fund has significant effect on mutual fund performance in Nigeria. The study suggests that it may be better for investors to route their investments in small-sized funds and older funds having past track record. The funds with these attributes have the potential of generating high returns. Further, large mutual funds might be overlooked as these characteristic exhibit no significant influence on future performance of fund

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Keywords

Fund Age, Mutual Funds, Fund Size

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/689

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