Bauer, Rob; Otten, Rogér; Rad, Alireza Tourani - In: Accounting and Finance 46 (2006) 3, pp. 347-363
The present study investigates the performance of New Zealand mutual funds using a survivorship-bias controlled sample of 143 funds for the period of 1990-2003. Our overall results suggest that New Zealand mutual funds have not been able to provide out-performance. Alphas for equity funds, both...
