Mutual Fund Performance and Performance Persistence The Impact of Fund Flows and Manager Changes /

• Κύριος συγγραφέας: Lückoff, Peter (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Wiesbaden : Gabler, 2011.
• Θέματα: Business.; Tax accounting.; Tax laws.; Finance.; Business and Management.; Business Taxation/Tax Law.; Finance, general.
• Φυσική περιγραφή: XXIV, 588 p. 37 illus. online resource.
• ISBN: 9783834965271

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.