The Persistence of Risk-Adjusted Mutual Fund Performance.

Article OPEN
Elton, Edwin J; Gruber, Martin J; Blake, Christopher R;
(1996)
  • Journal: Journal of Business,volume 69,issue 2 April,pages133-57
  • Related identifiers: doi: 10.1086/209685
  • Subject:
    mesheuropmc: education

The authors examine predictability for stock mutual funds using risk-adjusted returns. They find that past performance is predictive of future risk-adjusted performance. Applying modern portfolio theory techniques to past data improves selection and allows the authors t... View more
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