search query: @author Kothari, S.P. / total: 5
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| Author: | Kothari, S.P. Warner, J.B. |
| Title: | Evaluating mutual fund performance |
| Journal: | Journal of Finance
2001 : OCT, VOL. 56:5, p. 1985-2010 |
| Index terms: | PERFORMANCE APPRAISAL PORTFOLIO MANAGEMENT UNIT TRUSTS |
| Language: | eng |
| Abstract: | The authors study standard mutual fund performance measures, using stimulated funds whose characteristics mimic actual funds. They find that performance measures used in previous mutual fund research have little ability to detect economically large magnitudes (e.g. three percent per year) of abnormal fund performance, particularly if a fund's style characteristics differ from those of the value-weighted market portfolio. |
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