I compare the flows of closed funds to those of comparable open funds in the same month. I define comparable funds as those that are in the same size quintile and lagged (by one month) 12-month within
We show, using machine learning, that fund characteristics can consistently differentiate high from low-performing mutual funds, as well as identify funds with net-of-fees abnormal returns. Fund momen
I provide summary statistics for closed funds in Panel A and open funds in Panel B from July 2003 to December 2017. Panel C contains the differences in means between the two groups of funds, the Folde
