Results 61 to 70 of about 4,157 (196)
This paper investigates the reasons for the lack of long-term persistence in the investment performance of actively managed equity mutual funds. We document that the responses of investors, fund managers, and investment management companies to past ...
Bessler, Wolfgang +3 more
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Taxes and Mutual Fund Inflows Around Distribution Dates [PDF]
Capital gain distributions by mutual funds generate tax liability for taxable shareholders, thereby reducing their after-tax returns. Taxable investors who are considering purchasing fund shares around distribution dates have an incentive to delay their ...
James M. Poterba, Woodrow T. Johnson
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Yet another puzzle? the relation between price and performance in the mutual fund industry [PDF]
, 2006 Gruber (1996) drew attention to the puzzle that investors buy actively-managed funds even though, on average, they underperform index funds. We uncover another puzzling fact about the market for actively-managed equity mutual funds: funds with worse ...
Pablo Ruiz-Verdú +3 more
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Idiosyncratic Risk and Risk Taking Behavior of Mutual Fund Managers
, 2010 I propose that various measures of mutual funds' performance are more consistent with their investment capability when mutual funds present low idiosyncratic risks.
WANG, Gao
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Mutual funds: temporary problem or permanent morass? [PDF]
The improprieties in the mutual fund industry that surfaced in the fall of 2003 prompted the passage and drafting of legislation and regulations that cover nearly every facet of mutual fund pricing and operations.
Paula A. Tkac
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Does Morningstar Shine in the Universe of Mutual Funds? A Study on Morningstar Mutual Fund Ratings
, 2009 Using data from Morningstar Principia CDs and employing standard methodologies, we examine the extent to which two mutual fund ratings: Morningstar star ratings and Morningstar stewardship grades can predict future fund performance.
NG, Wee Seng
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Fee Waivers in Money Market Mutual Funds [PDF]
It is a widespread practice among mutual fund managers to voluntarily waive fees they have a contractual right to claim. The effective fee charged may be substantially less than indicated in expense ratios and may vary over the year despite a constant ...
Susan E.K. Christoffersen
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Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets [PDF]
This paper addresses the trading strategies of mutual funds in emerging markets. The data set we develop permits analysis of these strategies at the level of individual portfolios.
Sergio Schmukler +2 more
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How Widespread is Late Trading in Mutual Funds? [PDF]
This paper uses daily fund flow data to examine the extent of late trading in the U.S. mutual fund industry. Trading decisions that are required by law to have been made before 4 PM Eastern Time are correlated with market movements from 4 to 9 PM that ...
Eric Zitzewitz
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Performance and market share: evidence from the German mutual fund industry [PDF]
, 1997 In this paper we analyze the relation between fund performance and market share. Using three performance measures we first establish that significant differences in the risk-adjusted returns of the funds in the sample exist.
Schmid, Frank A. +2 more
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