How investors interpret past fund returns
WebHow Investors Interpret Past Fund Returns A. Lynch, David K. Musto Economics 2000 The literature documents a convex relation between past returns and fund flows of mutual funds. We show this to be consistent with fund incentives, because funds discard exactly those strategies… Expand 417 PDF Save Alert Web15 sep. 2014 · How Investors Interpret Past Fund Returns A. Lynch, David K. Musto Economics 2000 The literature documents a convex relation between past returns and fund flows of mutual funds. We show this to be consistent with fund incentives, because funds discard exactly those strategies… 418 PDF Costly Search and Mutual Fund …
How investors interpret past fund returns
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Web28 mrt. 2000 · Past returns contain less information about the future performance of funds which change strategies, so fund flows are less sensitive to past returns when past … Web1 mrt. 2000 · Past returns tell less about the future performance of funds which discard, so flows are less sensitive to them when they are poor. Our model predicts that …
Web1 okt. 2003 · The literature documents a convex relation between past returns and fund flows of mutual funds. We show this to be consistent with fund incentives, because funds discard exactly those... WebPast returns contain less information about the future performance of funds which change strategies, so fund flows are less sensitive to past returns when past returns are lower. …
WebPast returns tell less about the future performance of funds which discard, so flows are less sensitive to them when they are poor. Our model predicts that strategy changes only occur after bad performance, and that bad performers who change strategy have … Web17 jul. 2024 · Investors would like the fund company to use its judgment to maximize risk-adjusted fund returns, the fund company has an incentive to increase the inflow of …
Web1 mrt. 2012 · How Investors Interpret Past Fund Returns A. Lynch, David K. Musto Economics 2000 The literature documents a convex relation between past returns and fund flows of mutual funds. We show this to be consistent with fund incentives, because funds discard exactly those strategies… 418 PDF
WebPast returns tell less about the future performance of funds which discard, so flows are less sensitive to them when they are poor. Our model predicts that strategy changes only … china waterproof led signWeb1 jan. 2015 · How Does Readability Influence Investors' Judgments? Consistency of Benchmark Performance Matters Accounting Review - United States doi 10.2308/accr-50857. Full Text Open PDF ... How Investors Interpret Past Fund Returns SSRN Electronic Journal. 2000 English. How Does Knowledge Management Influence … gran canaria was unternehmenWeb1 nov. 2015 · Investors can conduct a similar analysis to identify which funds in their portfolios contribute the most to their returns and why. For example, separating leverage … china waterproof hiking backpacksWeb15 jun. 2024 · Abstract. We explore the properties of equity mutual funds that experience a loss of assets after poor performance. We document that both inflows and outflows are … china waterproof led lighting factoriesWeb13 mrt. 2024 · Due to the fact that Return on Investment is expressed as a percentage (%) and not as a dollar amount, it can clear up confusion that may exist in merely looking at … gran canaria webcamsWebHow Investors Interpret Past Fund Returns Several recent papers find a convex relation between past returns and fund flows of open-end mutual funds. We show this pattern … china waterproof led tube supplierWeb13 okt. 2003 · Past returns tell less about the future performance of funds which discard, so flows are less sensitive to them when they are poor. Our model predicts that strategy … china waterproof led tube factories