We investigate the performance of the German equity mutual fund industry over 20 years (monthly data 1990-2009) using the false discovery rate (FDR) to examine both model selection and performance measurement. When using the Fama-French three factor (3F) model (with no market timing) we find at...

Equity mutual funds in Indonesia have experienced a strong growth in term of values during the last decade. This strong growth raises a fundamental question whether the equity mutual funds perform well under some portfolio performance measure models. Recent literatures on the performance...