Evaluating and Investing in Equity Mutual Funds
收藏NBER2000-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7779
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资源简介：
Our framework for evaluating and investing in mutual funds combines observed returns on funds and passive assets with prior beliefs that distinguish pricing-model inaccuracy from managerial skill. A fund's alpha' is defined using passive benchmarks. We show that returns on non-benchmark passive
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美国国家经济研究局创建时间：
2000-07-01
