Bond Fund Performance During Recessions and Expansions: Empirical Evidence from a Small Market
This paper provides the first investigation about bond mutual fund performance during recession and expansion periods separately. Based on multi-factor performance evaluation models, results show that bond funds significantly underperform the market during both phases of the business cycle. Neverthe...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2016
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| Texto completo: | http://hdl.handle.net/11110/1109 |
| País: | Portugal |
| Oai: | oai:ciencipca.ipca.pt:11110/1109 |