How investors interpret past fund returns
Web23 mei 2015 · 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… Expand 418 Highly Influential PDF Web15 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 …
How investors interpret past fund returns
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WebHow 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 … Web1 jan. 2015 · How Does Readability Influence Investors' Judgments? Consistency of Benchmark Performance Matters Accounting Review - United States doi 10.2308/accr …
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 … 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 …
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 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 …
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 …
WebHow Investors Interpret Past Fund Returns ANTHONY W. LYNCH and DAVID K. MUSTO * ABSTRACT The literature documents a convex relation between past returns and … great showmanWeb1 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... great showman songsWeb29 nov. 2024 · Morningstar further helps investors compare apples to apples by separating funds into peer groups and assigning funds a rank in category based on its trailing … great show on earth musicWeb13 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 … great showman soundtrackWebPast 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 … greatshowplates.comWeb1 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 … great show platesWeb1 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 … great show on peacock