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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
  1. aSignificance at 1%
  2. bSignificance at 5%