haku: @author Carhart, M. M. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
Tekijä: | Carhart, M. M. |
Otsikko: | On persistence in mutual fund performance. |
Lehti: | Journal of Finance
1997 : MAR, VOL. 52:1, p. 57-82 |
Asiasana: | UNIT TRUSTS INVESTMENT TRUSTS PORTFOLIO MANAGEMENT |
Kieli: | eng |
Tiivistelmä: | Using a sample free of survivor bias, the author demonstrates that common factors in stock returns and investment expenses almost completely explain persistence in equity mutual funds' mean and risk-adjusted returns. The only significant persistence not explained is concentrated in strong underperformance by the worst-return mutual fund portfolio managers. |
« edellinen | seuraava »
SCIMA