How investors interpret past fund returns
Web13 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 … 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
How investors interpret past fund returns
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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 … 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 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 … 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 …
Web29 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 … Web1 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 …
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
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. … population reductionWebHow 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 … sharon francisco jewelryWebHow Investors Interpret Past Fund Returns ANTHONY W. LYNCH and DAVID K. MUSTO * ABSTRACT The literature documents a convex relation between past returns and … sharon francis harrisonWeb13 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 … sharon francisco winnipegWebPast 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 … population refers toWeb1 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 population reduction problemWeb15 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 … population reference intake