Resource type
Date created
2009-12
Authors/Contributors
Author: Lin, Enzo (Chien-Yu)
Author: Yu, Maggie (Yujun)
Abstract
Performance persistence in US open-end mutual funds is a contentious issue. This paper examines the performance persistence by analyzing monthly returns of mutual funds under nine investment styles over the periods of January 1993 to December 2008. We find that there is some evidence to support the persistence of mutual fund performance. Albeit this, a zero-investment best-minus-worst strategy does outperform the market with a certain level of consistency.
Document
Description
GAWM Project-Simon Fraser University
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
| Download file | Size |
|---|---|
| GAWM 2009 Lin, E. Yu, M..pdf | 198.22 KB |