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Performance persistence of closed-end funds

✍ Scribed by Elyas Elyasiani; Jingyi Jia


Book ID
106516403
Publisher
Springer US
Year
2010
Tongue
English
Weight
302 KB
Volume
37
Category
Article
ISSN
0924-865X

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## Abstract In open‐end mutual funds (unit trusts), there is a strong positive cross‐sectional relationship between net inflows to individual funds and past performance, as if investors attributed performance to managerial skill. Performance shows only very weak persistence, however, so at first si