Einleitung -- Pauschalbesteuerung im deutschen Investmentsteuerrecht -- Urteil des EuGH vom 09.10.2014 in der Rs. C-326/12, Rita und Patrick von Caster -- Anhängiges Verfahren des EuGH in der Rs. C-560/13, Wagner-Raith -- Fazit.

Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both...