The Impact of Mutual Fund Family Membership on Investor Risk
نویسندگان
چکیده
منابع مشابه
The Impact of Mutual Fund Family Membership on Investor Risk
Many investors confine their mutual fund holdings to a single fund family, either for simplicity or through restrictions placed by their retirement savings plan. We find evidence that mutual fund returns are more closely correlated within than between fund families. As a result, restricting investment to one fund family leads to a greater total portfolio risk than diversifying across fund famil...
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ژورنال
عنوان ژورنال: Journal of Financial and Quantitative Analysis
سال: 2007
ISSN: 0022-1090,1756-6916
DOI: 10.1017/s0022109000003276