How investors interpret past fund returns
Article Abstract:
Research supports a convex relationship between past returns and mutual-fund fund flows. The model presented in the article demonstrates that change of strategy occurs only after poor performance; implications for future performance and dollar flow are discussed.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2003
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Favoritism in mutual fund families? Evidence on strategic cross-fund subsidization
Article Abstract:
A study examining whether mutual fund families favor member funds, who are more likely to increase overall family profits, is presented.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2006
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