Artikel

The impact of human capital efficiency on Latin American mutual funds during Covid-19 outbreak

The mutual funds' returns, inter alia, are dependent on fund managers' performance. This makes human capital efficiency very central for consistent risk-adjusted performance. The persistence in performance becomes more critical during periods of high turbulence, like the one we are experiencing amidst the outbreak of Covid-19. In this research, we attempt to evaluate the performance of equity funds in massively impacted Latin American countries. These equity funds, with 95% of their investment in the infected region, are ranked as per their human capital efficiency using 2019 as the base year. Our findings demonstrate that funds with higher human capital efficiency significantly outperform their counterparts that rank lower on human capital efficiency. These findings remained consistent for the sub-periods that we specify to map the evolution of Covid-19. We conclude that equity funds should enhance their human capital efficiency to endure resilience amid macroeconomic shocks.

Sprache
Englisch

Erschienen in
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 156 ; Year: 2020 ; Issue: 1 ; Pages: 1-7 ; Heidelberg: Springer

Klassifikation
Wirtschaft
Financial Crises
General Financial Markets: General (includes Measurement and Data)
Portfolio Choice; Investment Decisions
Financial Institutions and Services: General
Thema
Covid-19
Equity funds
Latin America
Human capital
Investmentfonds
Fondsmanagement
Kapitalmarktrendite
Humankapital
Coronavirus
Lateinamerika

Ereignis
Geistige Schöpfung
(wer)
Mirza, Nawazish
Hasnaoui, Jamila Abaidi
Naqvi, Bushra
Rizvi, Kumail Abbas
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2020

DOI
doi:10.1186/s41937-020-00066-6
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Mirza, Nawazish
  • Hasnaoui, Jamila Abaidi
  • Naqvi, Bushra
  • Rizvi, Kumail Abbas
  • Springer

Entstanden

  • 2020

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