Table 5 Abnormal returns of HCE sorted funds prior to Covid-19 and during outbreak
From: The impact of human capital efficiency on Latin American mutual funds during Covid-19 outbreak
Fund type | Average cumulative abnormal returns GARCH (1, 1) | |
|---|---|---|
Pre-Covid | Covid outbreak | |
Low | − 0.0161%b | − 0.0202%a |
2 | − 0.0122%b | − 0.0170%b |
3 | − 0.0059%b | − 0.0063%b |
4 | − 0.0205%b | 0.0391%a |
High | 0.0251%a | 0.0701%a |