Duygun, Meryem; Matallín-Sáez, Juan Carlos; … - Departament d'Economia, Universitat Jaume I - 2015
This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Mutual funds achieve nonzero abnormal performance through strategies that produce differentiated results which are not captured by...