Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Country Rotation and International Mutual Fund Performance
Wei Jiao, G. Andrew Karolyi, and David Ng ♦ International equity funds attain superior subsequent performance by actively changing their country asset allocations, which we capture through a new measure of active country rotation intensity. Across funds, those that rotate…