The Determinants of Mutual Fund Performance: A Cross-Country Study

dig.v43.n3
  1. Poor
  2. Satisfactory
  3. Good
  4. Very Good
  5. Excellent

Be the first. (0 ratings)

CFA Digest
August 2013 | Vol. 43 | No. 3
Source: CFA Institute
Miguel A. Ferreira Aneel Keswani António F. Miguel Sofia B. Ramos
Isaac T. Tabner, CFA, ASIP (Reviewer)

Read

Summary

An examination of open-end actively managed mutual funds in multiple countries reveals that U.S. funds that invest domestically have negative scale economies whereas those that invest internationally have positive scale economies. The contrasting results seem to be attributable to differences in available liquidity between the U.S. and non-U.S. investable universes.

View more information

Topics
Credits · About the CE Program
0 CE (including 0 SER) Manage CE Credits

People who viewed this page also viewed:

Publications
Article
Manager Selection
Research Foundation of CFA Institute: Research Foundation Publications
Publications
Article
Active Share and Mutual Fund Performance
CFA Institute: Financial Analysts Journal
OnlineLearning
Online Course
Fixed-Income Analysis Course
CFA Institute

Loading ...