98-122

Persistence in mutual funds performance : evidence from the Greek market

• Μπαμπαλός, Βασίλειος

The present study investigates the persistence hypothesis of Greek equity funds, during the period 1998-2004. We utilize all common performance measures and perform non-parametric tests. The results reveal weak evidence of persistence, which, however, disappears after 2001. Correctly adjusting for risk factors and documented portfolio strategies, explains a significant part of the previously reported persistence.

• Economics and Business
• Computer and information sciences

• Finance
• Statistics

mutual funds, performance persistence, emerging markets

Περιέχει διάγραμμα, πίνακες, σημειώσεις και βιβλιογραφία