Directional Momentum Strategies With No-load Mutual Funds

Momentum Investment Strategies of Mutual Funds, Performance Persistence, and Survivorship Bias

We show that the persistent use of momentum investment strategies by mutual funds has important implications for the performance persistence and survivorship bias controversies. Using mutual fund portfolio holdings from a database free of survivorship bias, we ̄nd that the best performing funds during one year are the best performers during the following year, with the exception of 1981, 1983, ...

Marketing Mix and Promotional Strategies of Mutual Funds ’

Mutual funds provide various facilities that make saving and investing simple, accessible, and affordable, by using professional management, diversification, variety of products, liquidity, affordability, convenience, and ease of record keeping. Moreover, strict government regulation and full disclosure of information makes the investments more secure in India. In Mutual fund market the key are...

Mutual Funds in Equilibrium∗

Historically, the literature on money management has not consistently applied the rational expectations equilibrium concept. We explain why and summarize recent developments in the money management literature that do apply this concept correctly. We demonstrate that in many respects the rational expectations equilibrium better approximates the observed equilibrium in the money management space ...

Mutual Funds by Edwin

Essays on Mutual Funds

Title of dissertation: ESSAYS ON MUTUAL FUNDS Nitin Kumar, Doctor of Philosophy, 2013 Dissertation directed by: Professor Russ Wermers Department of Finance Robert H. Smith School of Business This dissertation comprises of three essays on mutual funds. In the first essay, I test whether fund investors rationally incorporate portfolio manager ownership disclosure in their portfolio allocation de...