Papadamou, Stephanos; Siriopoulos, Costas - In: International Journal of Finance & Economics 9 (2004) 2, pp. 85-97
We studied empirically American no-load equity mutual funds that invest in European stocks and keep their managers for more than three years, in order to investigate the persistence of the short-term performance, and the related investment style. The results showed an underperformance compared...