Return Persistence and Fund Flows in the Worst Performing Mutual Funds
收藏NBER2007-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13042
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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 demonstrate that this persistence results from an unwillingness of investors in these funds to respond to
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美国国家经济研究局创建时间：
2007-04-01
