Mutual Fund Performance and the Incentive to Generate Alpha
收藏NBER2011-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17491
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资源简介：
Financial economists have long been puzzled by investor demand for actively managed funds that generate, on average, negative after-fee, risk-adjusted returns. To shed new light on this puzzle, we exploit the fact that funds in different market segments compete for different types of retail
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
