In this paper we assess the price reaction, performance and volatility timing of European investment funds during the outbreak of Covid-19. We analyze the time period between January and June 2020 and demonstrate that while most of the investment funds exhibit stressed performance, social entrepreneurship funds endured resilience. This performance remained robust during the various stages of evolution of this contagion. The social funds also demonstrated volatility timing that was absent for most of their counterparts. We attribute the overall stability of these funds to their niche investments in social enterprises that specialize in providing innovative solutions for social issues.
Beschreibung
Price reaction, volatility timing and funds’ performance during Covid-19 - ScienceDirect
%0 Journal Article
%1 MIRZA2020101657
%A Mirza, Nawazish
%A Naqvi, Bushra
%A Rahat, Birjees
%A Rizvi, Syed Kumail Abbas
%D 2020
%J Finance Research Letters
%K BA vol_timing
%P 101657
%R https://doi.org/10.1016/j.frl.2020.101657
%T Price reaction, volatility timing and funds’ performance during Covid-19
%U https://www.sciencedirect.com/science/article/pii/S1544612320305316
%V 36
%X In this paper we assess the price reaction, performance and volatility timing of European investment funds during the outbreak of Covid-19. We analyze the time period between January and June 2020 and demonstrate that while most of the investment funds exhibit stressed performance, social entrepreneurship funds endured resilience. This performance remained robust during the various stages of evolution of this contagion. The social funds also demonstrated volatility timing that was absent for most of their counterparts. We attribute the overall stability of these funds to their niche investments in social enterprises that specialize in providing innovative solutions for social issues.
@article{MIRZA2020101657,
abstract = {In this paper we assess the price reaction, performance and volatility timing of European investment funds during the outbreak of Covid-19. We analyze the time period between January and June 2020 and demonstrate that while most of the investment funds exhibit stressed performance, social entrepreneurship funds endured resilience. This performance remained robust during the various stages of evolution of this contagion. The social funds also demonstrated volatility timing that was absent for most of their counterparts. We attribute the overall stability of these funds to their niche investments in social enterprises that specialize in providing innovative solutions for social issues.},
added-at = {2021-12-18T13:21:40.000+0100},
author = {Mirza, Nawazish and Naqvi, Bushra and Rahat, Birjees and Rizvi, Syed Kumail Abbas},
biburl = {https://puma.ub.uni-stuttgart.de/bibtex/2e90a0637aba2fb96ce4db4ae936d8055/georglender},
description = {Price reaction, volatility timing and funds’ performance during Covid-19 - ScienceDirect},
doi = {https://doi.org/10.1016/j.frl.2020.101657},
interhash = {51fb4fab77763a29c74c3688442ee583},
intrahash = {e90a0637aba2fb96ce4db4ae936d8055},
issn = {1544-6123},
journal = {Finance Research Letters},
keywords = {BA vol_timing},
pages = 101657,
timestamp = {2021-12-18T12:22:00.000+0100},
title = {Price reaction, volatility timing and funds’ performance during Covid-19},
url = {https://www.sciencedirect.com/science/article/pii/S1544612320305316},
volume = 36,
year = 2020
}
