Mutual Fund Performance and Performance Persistence : The Impact of Fund Flows and Manager Changes

by Peter Lückoff

Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators

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Year of publication:	2011
Authors:	Lückoff, Peter
Publisher:	Wiesbaden : Gabler Verlag / Springer Fachmedien Wiesbaden GmbH, Wiesbaden
Subject:	Investmentfonds \| Investment Fund \| Performance-Messung \| Performance measurement \| Finanzanalyse \| Financial analysis \| Führungskräfte \| Managers \| Schätzung \| Estimation \| Theorie \| Theory \| Arbeitsmobilität \| Labour mobility \| Prinzipal-Agent-Theorie \| Agency theory \| Kapitaleinkommen \| Capital income \| Offener Investmentfonds \| Performance <Kapitalanlage>
Description of contents:	Table of Contents [external.dandelon.com] ; Description [swbplus.bsz-bw.de]