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Mutual Fund Performance and Performance Persistence

Mutual Fund Performance and Performance Persistence

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783834965271
Condition
New
Product Description

Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lckoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators.

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