publication . Article . Other literature type . 1992

The Persistence of Mutual Fund Performance.

Open Access
  • Published: 01 Dec 1992 Journal: Journal of Finance, volume 47, issue 5 December, pages 1,977-84
This paper analyzes how mutual fund performance relates to past performance. These tests are based on a multiple portfolio benchmark that was formed on the basis of securities characteristics. The authors find evidence that differences in performance between funds persist over time and that this persistence is consistent with the ability of fund managers to earn abnormal returns. Copyright 1992 by American Finance Association.
Medical Subject Headings: educationhealth care economics and organizations
free text keywords: Economics and Econometrics, Accounting, Finance, Income fund, Fund of funds, Manager of managers fund, Fund administration, Open-end fund, Closed-end fund, Target date fund, Index fund, Financial economics, Economics, business.industry, business
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