How investors interpret past fund returns
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 WebHow Investors Interpret Past Fund Returns ANTHONY W. LYNCH and DAVID K. MUSTO * ABSTRACT The literature documents a convex relation between past returns and …
How investors interpret past fund returns
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Web1 jan. 2015 · How Does Readability Influence Investors' Judgments? Consistency of Benchmark Performance Matters Accounting Review - United States doi 10.2308/accr … Web2 nov. 2024 · Abstract. Using survey data, we analyze institutional investors’ expectations about the future performance of fund managers and the impact of those expectations on …
Web1 feb. 2003 · Investors consider past fund performance as the most important factor in fund selection decision [see Capon et al. (1994) andWilcox (2003)], even though past … 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
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 … 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 …
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 … finity sydneyWebPast 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 … finity storyWeb1 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 … eskenazi health clinicsWeb15 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 … eskenazihealth.eduWeb28 mrt. 2000 · Past returns contain less information about the future performance of funds which change strategies, so fund flows are less sensitive to past returns when past … eskenazi health employee benefitsWeb1 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... eskenazi health grassy creek clinicWebHow 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 … eskenazi health pay bill