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Do AI-powered mutual funds perform better?
Chen, Rui; REN, Jinjuan
Source PublicationFinance Research Letters
ABS Journal Level2
Volume47Issue:Part APages:102616

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.

KeywordArtificial Intelligence Mutual Fund Performance Behavioral Biases
URLView the original
Indexed BySSCI
Funding ProjectThe Influence of Suppressed Short-Sale Demand on Asset Pricing and Corporate Decisions
WOS Research AreaBusiness & Economics
WOS SubjectBusiness, Finance
WOS IDWOS:000821879600029
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Cited Times [WOS]:0   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
Faculty of Business Administration
Corresponding AuthorREN, Jinjuan
AffiliationUniversity of Macau
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Chen, Rui,REN, Jinjuan. Do AI-powered mutual funds perform better?[J]. Finance Research Letters,2022,47(Part A):102616.
APA Chen, Rui,&REN, Jinjuan.(2022).Do AI-powered mutual funds perform better?.Finance Research Letters,47(Part A),102616.
MLA Chen, Rui,et al."Do AI-powered mutual funds perform better?".Finance Research Letters 47.Part A(2022):102616.
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