Mutual Fund Performance and Performance Persistence

The Impact of Fund Flows and Manager Changes

• Author(s): Peter Lückoff,
• Publisher: Springer Science & Business Media
• Pages: 588
• ISBN_10: 3834927805
  ISBN_13: 9783834927804
  
• Language: en
• Categories: Business & Economics / Taxation / General , Business & Economics / Finance / General , Business & Economics / General ,

Description:... 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.