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 Behavioral Biases Mutual Fund Performance |
DOI | 10.1016/j.frl.2021.102616 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Business, Finance |
WOS ID | WOS:000821879600029 |
Publisher | ACADEMIC PRESS INC ELSEVIER SCIENCE, 525 B ST, STE 1900, SAN DIEGO, CA 92101-4495 |
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 |
Affiliation | Faculty of Business Administration, University of Macau, |
First Author Affilication | Faculty of Business Administration |
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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