Mutual Fund Performance and Performance Persistence [electronic resource] : The Impact of Fund Flows and Manager Changes / by Peter Lückoff.

By:

Lückoff, Peter [author.]

Contributor(s):

SpringerLink (Online service)

Publisher: Wiesbaden : Gabler, 2011Description: XXIV, 588 p. 37 illus. online resourceContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9783834965271

Subject(s):

Genre/Form:

Electronic books.

Additional physical formats: Printed edition:: No titleDDC classification:

658.153 23
336.2 23

LOC classification:

HF5681.T3

Online resources:

Click here to access online

In: Springer eBooksSummary: Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators.

Item type:

eBooks

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Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators.

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