An academic study conducted in 2006 by Yale researchers. The study examined the proportion of mutual fund holdings in a given sector against the composition of the index that tracked the sector. The higher the difference, the greater the active-share of the fund. A correlation was found between the performance of the fund against the index and the active-share of the fund. Typically, the higher active-share funds outperformed the index.
Related information about active-share study:
- Active-Share Study Definition | Investopedia
The active-share study examined the proportion of stock holdings in a mutual fund's composition that was different from the composition found in its benchmark .
- Active Share Measures Active Management
Although the data revealed in the Active Share study is intriguing, investors should be cautious when trying to apply the findings. The benchmark-beating results ...
- What is active-share study? definition and meaning
Definition of active-share study: An academic study conducted in 2006 by Yale researchers. The study examined the proportion of mutual fund holdings in a ...
- Active-Share Study: Definition from Answers.com
Active-Share Study An academic study conducted by researchers from Yale in 2006. The active-share study examined the proportion of stock holdings.
- Go Active or Go Home
Sep 6, 2010 ... (Morningstar's director of mutual fund research, Russel Kinnel, also completed an active share study of his own recently.) In this piece, we'll ...
- Active Share: A Measure of Active Management - Financial Web
The results of the Active Share study show that one can choose mutual funds that have a good chance of beating their benchmark index. However, the problem ...
- Closet Indexers vs. Stock Pickers – Truly Active Managers Outperform
We found the Active Share study very interesting. Too many people believe that nobody can beat the index and too many people invest in closet index funds.
- RESEARCH NOTE Active versus Passive Equity ... - Antti Petajisto
Aug 31, 2009 ... in our preliminary Active Share study. Low and behold, the Active Share of the strategy appeared to be shrinking over time. It did not take long ...