Mutual Fund Flows and Performance in Rational Markets
收藏NBER2002-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9275
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资源简介：
We develop a simple rational model of active portfolio management that provides a natural benchmark against which to evaluate observed relationship between returns and fund flows. We show that many effects widely regarded as anomalous are consistent with this simple explanation. In the model,
提供机构：
美国国家经济研究局
创建时间：
2002-10-01
