Using a Switzerland-specific Carhart (1997) model, we study the risk-adjusted performance of actively and passively … managed mutual funds investing in Swiss stocks from 1989 to 2007. We also compare the performance of actively managed funds to …. While active institutional funds can almost keep up with the performance of passive funds, active retail funds cannot and …

particular, investor flows are highly sensitive to performance streaks despite their limited predictive power regarding fund … performance. Further, allocations based on forecast models' out-of-sample predictions beat investor allocations by a significant …

Quotients, ratios, are among the most applied tools for measuring performance of mutual funds and investment portfolios … the use of linear penalization, introducing a little known methodology for performance measurement. With this purpose …, this paper's approach is comprehensive: we conceptually analyze performance indexes' geometric and statistical meaning …

investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual …-sophisticated ones, are the main receivers. These differences are due to investment funds reacting more strongly on past performance and …

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …