In their seminal paper on bond fund performance, Blake, Elton and Gruber (1993) state that survivorship bias is … unimportant for this market segment. Many bond fund studies have since been published without treating survivorship bias despite … disappearance of bond funds comprehensively. As key determinants we identify fund size and flows. Compared to equity funds, returns …

track their benchmarks, but that Investment Grade corporate bond ETFs underperform their benchmarks and High Yield corporate … bond ETFs even severely underperform their benchmarks. We provide evidence that the transaction costs of the underlying …

performance, risk management, and flows of bond mutual funds. Measuring active share at both the issue and issuer level, the … average bond fund has an issue-level (issuer-level) active share of over 90% (60%). Funds with higher issuer-level active … share persistently earn higher alphas, which helps explain the relatively slow growth of passively managed bond funds …

of SRI fixed-income funds. This is the first comprehensive investigation on the performance of European SRI bond and … to SRI bond funds, empirical evidence is mixed. French SRI bond funds match the performance of their conventional peers …

We document significant outperformance by government bond funds on important macro announcement days such as FOMC and …

discrepancy causes alpha to deviate from the active bond selection performance it is supposed to measure. Performance ratings and …