The investment strategies of fund managers without business or IT background. evidence from China

Xinglin Liu

Applied Economics Letters, 2023, vol. 30, issue 8, 1060-1064

Abstract: This study examines the investment strategies of fund managers without business or IT background. The non-professional managers are inclined to pursue higher returns but with greater volatility. They are aggressive in the bull market while cautious in the bear market. With their participation, the funds could gain significantly higher abnormal returns even in economic downturns. The superior performance can be attributed to their management style. The non-professional managers would avoid being multi-tasked unless the financial market is thriving, while the professional ones would simultaneously operate several funds in general.

Date: 2023
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DOI: 10.1080/13504851.2022.2036318

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