Fund management performance, trend-chasing technical analysis and investment horizons: A case study

Michael C. S. Wong

doi:10.1016/S0305-0483(96)00041-2

Fund management performance, trend-chasing technical analysis and investment horizons: A case study

Michael C. S. Wong

Department of Economics and Finance

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

3 Citations (Scopus)

Abstract

The paper investigates the usefulness of trend-chasing technical rules for portfolio management in the Hong Kong stock market. It provides strong evidence that some rule-based portfolios have a consistently and significantly superior market timing ability than the usual benchmark portfolio, regardless of different investment horizons (2-5 y). © 1997 Elsevier Science Ltd. All rights reserved.

Original language	English
Pages (from-to)	57-63
Journal	Omega
Volume	25
Issue number	1
DOIs	https://doi.org/10.1016/S0305-0483(96)00041-2
Publication status	Published - Feb 1997

Research Keywords

Fund management
Investment
Market timing
Technical analysis

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10.1016/S0305-0483(96)00041-2

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title = "Fund management performance, trend-chasing technical analysis and investment horizons: A case study",

abstract = "The paper investigates the usefulness of trend-chasing technical rules for portfolio management in the Hong Kong stock market. It provides strong evidence that some rule-based portfolios have a consistently and significantly superior market timing ability than the usual benchmark portfolio, regardless of different investment horizons (2-5 y). {\textcopyright} 1997 Elsevier Science Ltd. All rights reserved.",

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year = "1997",

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T1 - Fund management performance, trend-chasing technical analysis and investment horizons

T2 - A case study

AU - Wong, Michael C. S.

PY - 1997/2

Y1 - 1997/2

N2 - The paper investigates the usefulness of trend-chasing technical rules for portfolio management in the Hong Kong stock market. It provides strong evidence that some rule-based portfolios have a consistently and significantly superior market timing ability than the usual benchmark portfolio, regardless of different investment horizons (2-5 y). © 1997 Elsevier Science Ltd. All rights reserved.

AB - The paper investigates the usefulness of trend-chasing technical rules for portfolio management in the Hong Kong stock market. It provides strong evidence that some rule-based portfolios have a consistently and significantly superior market timing ability than the usual benchmark portfolio, regardless of different investment horizons (2-5 y). © 1997 Elsevier Science Ltd. All rights reserved.

KW - Fund management

KW - Investment

KW - Market timing

KW - Technical analysis

UR - http://www.scopus.com/inward/record.url?scp=0031066686&partnerID=8YFLogxK

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-0031066686&origin=recordpage

U2 - 10.1016/S0305-0483(96)00041-2

DO - 10.1016/S0305-0483(96)00041-2

M3 - RGC 21 - Publication in refereed journal

SN - 0305-0483

VL - 25

SP - 57

EP - 63

JO - Omega

JF - Omega

IS - 1

ER -

Fund management performance, trend-chasing technical analysis and investment horizons: A case study

Abstract

Research Keywords

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