Starting on the wrong foot: Seasonality in mutual fund performance
نویسندگان
چکیده
منابع مشابه
Seasonality and idiosyncratic risk in mutual fund performance
This paper examines the relationship between seasonality, idiosyncratic risk and mutual fund returns using multifactor models. We use a large sample containing the return histories of 728 UK mutual funds over a 23-year period to measure fund performance. We present evidence that idiosyncratic risk cannot be eliminated, we also find evidence of seasonality in all fund categories. Specifically, w...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2017
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2017.05.013