Article ID Journal Published Year Pages File Type
5089240 Journal of Banking & Finance 2013 15 Pages PDF
Abstract
► Most comprehensive empirical study of hybrid mutual funds. ► New approach to measure fund performance against ex-ante investable benchmarks. ► We distinguish between style-shifting and in-quarter abnormal performance. ► Analysis of short-term persistence in fund performance. ► In-quarter abnormal performance of hybrid funds persists; style-shifting abilities do not.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Short-term persistence in hybrid mutual fund performance: The role of style-shifting abilities
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