This book offers an overview of the best-working strategies in the field of equity and fixed income mutual fund-based portfolio management. This timely research considers different market conditions, such as global financial crises, across various geographical regions such as the USA and Europe....

While previous papers mostly used the U.S. and U.K. data, we applied an international dataset to examine the flow–performance relationship of international equity and bond mutual funds. By incorporating a novel measure of asset managers’ market timing ability, drawn from the logic of...

1. Introduction -- 2. Active Vs. Passive Management -- 3. Fund Size: Why is it Important? -- 4. Performance Measures and Styles -- 5. Mutual Fund Flows -- 6. Ratings -- 7. Diversification -- 8. Persistence -- 9. Volatility -- 10. Conclusion.