Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market
The purpose of this study is to investigate the ability of mutual fund investors to predict the performance of mutual funds and select a fund with higher returns. To predict whether investors and the cash they enter into investment funds will be able to select a more efficient fund, first, the infor...
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| Format: | Article |
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Alzahra University
2025-03-01
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| Series: | راهبرد مدیریت مالی |
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| Online Access: | https://jfm.alzahra.ac.ir/article_8371_80e2e8dc0e109fd6aa178cf071cfdb7a.pdf |
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| author | Bahreh Heidarimoghadam Mirfeiz Fallahshams Gholamreza Zomorodian |
| author_facet | Bahreh Heidarimoghadam Mirfeiz Fallahshams Gholamreza Zomorodian |
| author_sort | Bahreh Heidarimoghadam |
| collection | DOAJ |
| description | The purpose of this study is to investigate the ability of mutual fund investors to predict the performance of mutual funds and select a fund with higher returns. To predict whether investors and the cash they enter into investment funds will be able to select a more efficient fund, first, the information of 34 funds in the period 2012 to 2020 was Collected to examine the intelligence of cash. The economic prosperity periods of the market were then examined separately to determine whether investors had acted differently in different market periods. Also, real and legal investors are separated from each other to examine the performance of each separately. Using Carhart's four-factor model, the adjusted return on risk of the funds was calculated to assess the intelligence of investors, which showed that group of real and legal investors, at the time of entry during market blooming and at the time of exit money during market stagnation act wisely in mutual funds. |
| format | Article |
| id | doaj-art-02f7c0e290d64d7bb9c1fe1d84548b8c |
| institution | OA Journals |
| issn | 2345-3214 2538-1962 |
| language | fas |
| publishDate | 2025-03-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj-art-02f7c0e290d64d7bb9c1fe1d84548b8c2025-08-20T01:57:59ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622025-03-0113114116610.22051/jfm.2025.42896.27868371Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital marketBahreh Heidarimoghadam0Mirfeiz Fallahshams1Gholamreza Zomorodian2PhD Student, Department of Financial Management, Central Tehran Branch, Islamic Azad University, Tehran, IranProfessor, Department of Business Administration, Central Tehran Branch, Islamic Azad University, Tehran, IranProfessor, Department of Financial Management, Central Tehran Branch, Islamic Azad University, Tehran, IranThe purpose of this study is to investigate the ability of mutual fund investors to predict the performance of mutual funds and select a fund with higher returns. To predict whether investors and the cash they enter into investment funds will be able to select a more efficient fund, first, the information of 34 funds in the period 2012 to 2020 was Collected to examine the intelligence of cash. The economic prosperity periods of the market were then examined separately to determine whether investors had acted differently in different market periods. Also, real and legal investors are separated from each other to examine the performance of each separately. Using Carhart's four-factor model, the adjusted return on risk of the funds was calculated to assess the intelligence of investors, which showed that group of real and legal investors, at the time of entry during market blooming and at the time of exit money during market stagnation act wisely in mutual funds.https://jfm.alzahra.ac.ir/article_8371_80e2e8dc0e109fd6aa178cf071cfdb7a.pdfcash flowintelligence of investoreconomic prosperitylegal investorsreal investors |
| spellingShingle | Bahreh Heidarimoghadam Mirfeiz Fallahshams Gholamreza Zomorodian Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market راهبرد مدیریت مالی cash flow intelligence of investor economic prosperity legal investors real investors |
| title | Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| title_full | Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| title_fullStr | Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| title_full_unstemmed | Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| title_short | Investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| title_sort | investigating the intelligence of investors of mutual funds during the recession and economic prosperity of the capital market |
| topic | cash flow intelligence of investor economic prosperity legal investors real investors |
| url | https://jfm.alzahra.ac.ir/article_8371_80e2e8dc0e109fd6aa178cf071cfdb7a.pdf |
| work_keys_str_mv | AT bahrehheidarimoghadam investigatingtheintelligenceofinvestorsofmutualfundsduringtherecessionandeconomicprosperityofthecapitalmarket AT mirfeizfallahshams investigatingtheintelligenceofinvestorsofmutualfundsduringtherecessionandeconomicprosperityofthecapitalmarket AT gholamrezazomorodian investigatingtheintelligenceofinvestorsofmutualfundsduringtherecessionandeconomicprosperityofthecapitalmarket |