THE MARKET - How Well Have Taxable Investors Been Served in the 1980s and 1990s? - This article examines the performance of large equity mutual funds over the past ten, fifteen, and twenty years. On both a before- and after-tax basis, the authors find that the average mutual fund underperformed the Vanguard Index 500 fund. Although part of this under-performance is attributed to a small-size bias ...
Year of publication: |
2000
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Authors: | Arnott, Robert D. ; Berkin, Andrew L. ; Ye, Jia |
Published in: |
The journal of portfolio management : a publication of Institutional Investor. - New York, NY : Institutional Investor, ISSN 0095-4918, ZDB-ID 1971451. - Vol. 26.2000, 4, p. 84-94
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