Why do investors buy shares of actively managed equity mutual funds? : considering the correct reference portfolio from an uninformed investor’s perspective
Year of publication: |
2023
|
---|---|
Authors: | Burlacu, Radu ; Fontaine, Patrice ; Jimenez-Garcès, Sonia |
Published in: |
Finance : revue de l'Association Française de Finance. - Paris : Presses Universitaires de France, ISSN 2101-0145, ZDB-ID 2437679-6. - Vol. 44.2023, 2, p. 69-111
|
Subject: | information asymmetry | reference portfolio | performance | actively managed equity mutual funds | rational expectations equilibrium models | Portfolio-Management | Portfolio selection | Aktienfonds | Equity fund | Asymmetrische Information | Asymmetric information | Theorie | Theory | Anlageverhalten | Behavioural finance | Investmentfonds | Investment Fund | Rationale Erwartung | Rational expectations |
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