Mutual Fund Flows and Performance in Rational Markets
收藏NBER2002-10-01 更新2025-01-04 收录
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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,
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美国国家经济研究局创建时间：
2002-10-01
