Matallín-Sáez, Juan Carlos; Soler-Domínguez, Amparo; … - Departament d'Economia, Universitat Jaume I - 2014
This paper analyzes persistence in US equity mutual fund performance over the period 2001-2011 for both net and gross … approach, which assesses the performance of investing by following recommendations based on past performance. Results show the …-sectional significance of recursive portfolios. In general, our results do not support evidence of persistence in mutual fund performance …