Mutual fund performance: dividends do matter

Article English OPEN
de Mingo-López, Diego Víctor; Matallín Sáez, Juan Carlos;

This article studies the bias in mutual fund performance when a nondividend-reinvesting benchmark is used. Our empirical findings show how performance worsens when using a benchmark that includes reinvestment dividends. We also find that inferences about managers’ abili... View more
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