The dataset accompanying the research article titled "Assessing Mutual Fund Performance from the Perspective of Public Assets under Management" provides comprehensive information on the performance dy
We document that the observed persistence amongst the worst performing actively managed mutual funds is attributable to funds that have performed poorly both in the current and prior year. We demonstr
A seminal study of persistence in mutual fund performance is Carhart (1997), who found that U.S. equity mutual funds past-year returns positively predict their raw excess return and one-factor alpha o
