The Variability of Mutual Fund Performance Persistence in the Long-Run
DOI:
https://doi.org/10.58886/jfi.v5i1.2603Abstract
Mutual fund performance persistence has been well documented in the finance literature. This study extends the previous work by looking at a longer time period of returns over annual intervals, rather than longer time series groupings. The results document that persistence varies significantly through time, especially when the stock market turns. Clear long-term investing and trading rules based on persistence are not supported by the paper's conclusions.
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Published
2007-06-30
How to Cite
Maher, Matt, and Harry White. 2007. “The Variability of Mutual Fund Performance Persistence in the Long-Run”. Journal of Finance Issues 5 (1):206-19. https://doi.org/10.58886/jfi.v5i1.2603.
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Original Article