Differential Information and Timing Ability

Authors

  • E.J. Elton
  • M.J. Gruber

DOI:

https://doi.org/10.1016/1057-0810(91)90037-Y

Abstract

This paper discusses performance evaluation when the analyst has access to the composition of the portfolio. In the United States, master trustees and custodi- ans have this information. With this assumption, the paper derives techniques for evaluating superior performance. The techniques, unlike conventional measures, can detect superior performance even when the manager is attempting to market time. Journal of Banking and Finance, Vol. 15, No. 1 (February 1991), pp. 117-131. (Reprinted with permission of the Journal of Economic Literature.)

Published

1991-12-30

How to Cite

Elton , E., & Gruber, M. (1991). Differential Information and Timing Ability. Financial Services Review, 1(2), 179. https://doi.org/10.1016/1057-0810(91)90037-Y

Issue

Vol. 1 No. 2 (1991): Financial Services Review

Section

Abstracts of Articles on Individual Financial Management

License

Copyright (c) 1991 JAI Press Inc.

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