haku: @author Trzcinka, C. / yhteensä: 5
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| Tekijä: | Shukla, R. Trzcinka, C. |
| Otsikko: | Persistent performance in the mutual fund market: tests with funds and investment advisers |
| Lehti: | Review of Quantitative Finance and Accounting
1994 : VOL. 4:2, p. 115-135 |
| Asiasana: | UNIT TRUSTS MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Recent studies of mutual funds have concluded that there is some evidence of superior performance. The authors rest for the existence of superior performance and its persistence with mutual funds and with mutual fund investment advisers on a data set of monthly returns from 1979 to 1989 for 1, 387 mutual funds grouped by 243 advisers. The authors find no evidence of superior performance or its persistence but they do find significant evidence of persistence of inferior performance. |
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