Geld - Banken - Börsen: The Impact of Fund Flows and Manager Changes

Lückoff, Peter

Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators.

Details

Published by: Gabler Verlag

Publication Date: 2011-01-13

Format: Paperback

ISBN-13: 9783834927804

DOI: 10.1007/978-3-8349-6527-1

Dimensions: 210cm x148cm

Pages: 588