Performance Measures of Actively Managed Equity Mutual Funds - HAL Accéder directement au contenu
Autre publication scientifique Année : 2009

Performance Measures of Actively Managed Equity Mutual Funds

Résumé

We study the performance of US actively managed equity mutual funds with traditional models and find, as in previous studies, that they obtain negative performance. We argue that this pessimistic result is explained by the excessively high expenses charged by managers. Managers justify these costs as being generated by their information acquisition activity.
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Dates et versions

halshs-00533093, version 1 (05-11-2010)

Identifiants

  • HAL Id : halshs-00533093 , version 1

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Radu Burlacu, P. Fontaine, S. Jimenez-Garces. Performance Measures of Actively Managed Equity Mutual Funds. 2009, 21p. ⟨halshs-00533093⟩
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Dernière date de mise à jour le 28/04/2024
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