id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3704	Radcliffe, Robert; Brook, Robert; Levy, Hah	Active Timing Decisions of Equity Mutual Funds	1992	19	.pdf	application/pdf	7437	359	60	If the manager does not make any active asset reallocations during quarter t, the expected end of quarter portfolio beta would be: JW,) = &-,I0 + RM,) I(1 + JWC))I (4) and the Passive Asset Allocation during quarter t, PAA,, would be: PAA, = ZZ(B,) - B,, (5) This paper deals with the extent to which equity mutual fund managers engage in active timing of their portfolio’s equity risk exposure.	cache/fsr-3704.pdf	txt/fsr-3704.txt