Persistence in mutual funds performance: evidence from the Greek market
Keywords:
Mutual Funds, performance persistence, emerging marketsAbstract
The present study investigates the persistence hypothesis of Greek equity funds, during the period 1998-2004. We utilize all common performance measures and perform non-parametric tests. The results reveal weak evidence of persistence, which, however, disappears after 2001. Correctly adjusting for risk factors and documented portfolio strategies, explains a significant part of the previously reported persistence.
JEL Classifications: G14, G15, G21, G23
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Published
05-02-2007
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Mπαμπαλός Β. (2007). Persistence in mutual funds performance: evidence from the Greek market. SPOUDAI Journal of Economics and Business, 57(1), 98–122. Retrieved from http://spoudai.org/index.php/journal/article/view/344
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Copyright (c) 2007 SPOUDAI Journal of Economics and Business
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