Do AI-powered mutual funds perform better?

被引：9
|
作者：
Chen, Rui [1 ]
Ren, Jinjuan [1 ]
机构：
[1] Univ Macau, Fac Business Adm, Ave Univ, Taipa, Macao, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2022年 / 47卷
关键词：
Artificial intelligence; Mutual fund performance; Behavioral biases; HEDGING DERIVATIVE SECURITIES; NEURAL-NETWORKS; TECHNICAL ANALYSIS; RULES;
D O I：
10.1016/j.frl.2021.102616
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We evaluate the performance of artificial intelligence (AI)-powered mutual funds. We find that these funds do not outperform the market per se. However, a comparison shows that AI-powered funds significantly outperform their human-managed peer funds. We further show that the outperformance of AI funds is attributable to their lower transaction cost, superior stock-picking capability, and reduced behavioral biases.
引用
收藏
页数：7
相关论文
共 50 条
  • [41] The effect of AI-powered chatbots in social studies education
    Yetisensoy, Okan
    Karaduman, Hidir
    EDUCATION AND INFORMATION TECHNOLOGIES, 2024, 29 (13) : 17035 - 17069
  • [42] Diagnostic support of parasitic infections with an AI-powered microscope
    Caetano A.
    Santana C.
    de Lima R.A.
    Research on Biomedical Engineering, 2023, 39 (3) : 561 - 572
  • [43] AI-powered growth hacking: benefits, challenges and pathways
    Santoro, Gabriele
    Jabeen, Fauzia
    Kliestik, Tomas
    Bresciani, Stefano
    MANAGEMENT DECISION, 2024,
  • [44] AI-powered radiomics: revolutionizing detection of urologic malignancies
    Gelikman, David G.
    Rais-Bahrami, Soroush
    Pinto, Peter A.
    Turkbey, Baris
    CURRENT OPINION IN UROLOGY, 2024, 34 (01) : 1 - 7
  • [45] Do bank-affiliated funds perform better than the others: the higher moment approach
    Wattanatorn, Woraphon
    Nathaphan, Sarayut
    ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2022, 29 (04) : 1075 - 1089
  • [46] Artificial intelligence in colorectal surgery: an AI-powered systematic review
    A. Spinelli
    F. M. Carrano
    M. E. Laino
    M. Andreozzi
    G. Koleth
    C. Hassan
    A. Repici
    M. Chand
    V. Savevski
    G. Pellino
    Techniques in Coloproctology, 2023, 27 : 615 - 629
  • [47] Examining the Use of an AI-Powered Teacher Orchestration Tool at Scale
    Brunskill, Emma
    Norberg, Kole A.
    Fancsali, Stephen
    Ritter, Steve
    PROCEEDINGS OF THE ELEVENTH ACM CONFERENCE ON LEARNING@SCALE, L@S 2024, 2024, : 356 - 360
  • [48] Advances in AI-powered civil engineering throughout the entire lifecycle
    Xu, Gang
    Guo, Tong
    ADVANCES IN STRUCTURAL ENGINEERING, 2025,
  • [49] AI-Powered Neurogenetics: Supporting Patient's Evaluation with Chatbot
    Zampatti, Stefania
    Farro, Juliette
    Peconi, Cristina
    Cascella, Raffaella
    Strafella, Claudia
    Calvino, Giulia
    Megalizzi, Domenica
    Trastulli, Giulia
    Caltagirone, Carlo
    Giardina, Emiliano
    GENES, 2025, 16 (01)
  • [50] Leveraging AI-powered mobile learning: A pedagogically informed framework
    Moya, Sofia
    Camacho, Mar
    Computers and Education: Artificial Intelligence, 2024, 7
12345