payment method on different performance measures for a mutual fund with an investment guarantee. Design … performance. Practical implications - Providers can thus make a product more attractive for consumers by individually adjusting …

relative to single managers. During the financial crisis, however, the performance premium of teams becomes negative, which may …

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 …

In this analysis of investment manager performance, two questions are addressed. First, do managers that actively trade …

performance, suggesting that the average fund manager is more likely to make erroneous decisions when they deviate from their …

predict future performance. We used regressions in panel data with a sample of equity mutual funds of the eurozone area from … 2003 to 2014. We concluded that expenses are an important determinant of performance in the eurozone and we show evidence …

Investors search for criteria that are systematically related to performance of mutual funds so as to maximize their … personal return. The present study is on effect of selected fund characteristics on performance of the mutual funds. The data …'s performance, flow to funds, and cash ratio explained the fund performance measured with conditional Carhart alpha. Thus, earlier …

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 …