Can investors profit from mutual funds performance persistence?
We use almost 21,000 equity mutual funds worldwide returns to provide evidence that investors can make significant profits if they invest in persistence strategies. Our regressions results are mixed and show some funds managers are better in picking stocks. We show that investors would have been del...
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| Format: | masterThesis |
| Language: | eng |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.14/19989 |
| Country: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/19989 |