U.S. Mutual Funds: Measuring Performance and Persistence in Performance
This paper investigates the performance of U.S. mutual funds using a survivorship-free sample of 2083 mutual funds from 2005 to 2010. My results suggest strong evidence that actively managed mutual funds underperform the benchmark, indicated by statistically insignificant alphas. Among three type...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/24052/ |