Skip to main content
SpringerLink
Log in
Book cover

Mutual Funds pp 13–55Cite as

Performance of Mutual Funds

  • Chapter

  • 1000 Accesses

Part of the book series: Innovations in Financial Markets and Institutions ((IFMI,volume 16))

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Papers Reviewed in Chronological Order

  • Close, J., 1952, "Investment Companies: Closed-End versus Open-End," Harvard Business Review, 29, 79–88.

    Google Scholar 

  • Brown, F. and D. Vickers, 1963, “Mutual Fund Portfolio Activity, Performance, and Market Impact,” The Journal of Finance, 18, 377–391.

    Google Scholar 

  • Sharpe, W., 1966, “Mutual Fund Performance,” The Journal of Business, 39, 119–138.

    Article  Google Scholar 

  • Treynor, J. and K. Mazury, 1966, “Can Mutual Funds Outguess the Market?” Harvard Business Review, July, 131–136.

    Google Scholar 

  • Jensen, M., 1968, “The Performance of Mutual Funds in the Period 1945–1964,” The Journal of Finance, 23, 389–416.

    Google Scholar 

  • Carlson, R., “Aggregate Performance of Mutual Funds, 1948–1967,” Journal of Financial and Quantitative Analysis, 1–32.

    Google Scholar 

  • McDonald, J., 1974, “Objectives and Performance of Mutual Funds, 1960–1969,” Journal of Financial and Quantitative Analysis, 311–333.

    Google Scholar 

  • Grant, D., 1977, “Portfolio Performance and the ‘Cost’ of Timing Decisions,” The Journal of Finance, 32, 837–846.

    Google Scholar 

  • Kon, S. and F. Jen, 1979, “The Investment Performance of Mutual Funds: An Empirical Investigation of Timing, Selectivity and Market Efficiency,” The Journal of Business, 52, 263–289.

    Article  Google Scholar 

  • Miller, T. and N. Gressis, 1980, “Nonstationarity and Evaluation of Mutual Fund Performance,” Journal of Financial and Quantitative Analysis, 15, 639–654.

    Article  Google Scholar 

  • Kon, S., 1983, “The Market-Timing Performance of Mutual Fund Managers,” The Journal of Business, 56, 323–347.

    Article  Google Scholar 

  • Chang, E. and W. Lewellen, 1984, “Market Timing and Mutual Fund Investment Performance,” The Journal of Business, 57, 57–72.

    Article  Google Scholar 

  • Jagannathan, R. and R. Korajczyk, 1986, “Assessing the Market Timing Performance of Managed Portfolios,” The Journal of Business, 59, 217–235.

    Article  Google Scholar 

  • Lehmann, B. and D. Modest, 1987, “Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons,” The Journal of Finance, 42, 233–265.

    Google Scholar 

  • Grinblatt, M. and S. Titman, 1989, “Mutual Fund Performance: an Analysis of Quarterly Portfolio Holdings,” The Journal of Business, 62, 393–416.

    Article  Google Scholar 

  • Grinblatt, M. and S. Titman, 1993, “Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns,” The Journal of Business, 66, 47–68.

    Article  Google Scholar 

  • Hendricks, D., J. Patel, and R. Zeckhauser, 1993, “Hot Hands in Mutual Funds: Short-run Persistence of Relative Performance, 1974–1988,” The Journal of Finance, 43, 93–130.

    Google Scholar 

  • Goetzmann, W. and R. Ibbotson, 1994, “Do Winners Repeat? Patterns in Mutual Fund Return Behavior,” The Journal of Portfolio Management, Winter, 9–18.

    Google Scholar 

  • Malkiel, B., 1995, “Returns from Investing in Equity Mutual Funds: 1971–1991,” The Journal of Finance, 50, 549–572.

    Google Scholar 

  • Brown, S. and W. Goetzmann, 1995, “Performance Persistence,” The Journal of Finance, 50, 679–698.

    Google Scholar 

  • Kahn, R. and A. Rudd, 1995, “Does Historical Performance Predict Future Performance?” Financial Analysts Journal, 51, 43–52.

    Article  Google Scholar 

  • Ferson, W. and R. Schadt, 1996, “Measuring Fund Strategy and Performance in Changing Economic Conditions,” The Journal of Finance, 51, 425–461.

    Google Scholar 

  • Ferson, W. and V. Warther, 1996, “Evaluating Fund Performance in a Dynamic Market,” Financial Analysts Journal, 52, 20–28.

    Article  Google Scholar 

  • Gruber, M., 1996, “Another Puzzle: The Growth in Actively Managed Mutual Funds,” The Journal of Finance, 51, 783–810.

    Google Scholar 

  • Anderson, S., B. Coleman, D. Gropper, and H. Sunquist, 1996, “A Comparison of the Performance of Open-and Closed-end Investment Companies.” Journal of Economics and Finance, 20, 3–11.

    Article  Google Scholar 

  • Carhart, M., 1997, “On Persistence in Mutual Fund Performance,” The Journal of Finance, 52, 57–82.

    Google Scholar 

  • Hendricks, D., J. Patel, and R. Zeckhauser, 1997, “The J-shape of Performance Persistence Given Survivorship Bias,” Review of Economics and Statistics, 79, 161–166.

    Article  Google Scholar 

  • Volkman, D., 1999, “Market Volatility and Perverse Timing Performance of Mutual Fund Managers,” The Journal of Financial Research, 22, 449–470.

    Google Scholar 

  • Becker C., W. Ferson, D. Myers, and M. Schill, 1999, “Conditional Market Timing with Benchmark Investors,” Journal of Financial Economics, 52, 119–148.

    Article  Google Scholar 

  • Lunde, A., A. Timmermann, and D. Blake, 1999, “The Hazards of Mutual Fund Underperformance: A Cox Regression Analysis,” Journal of Empirical Finance, 6, 121–152.

    Article  Google Scholar 

  • Indro, D., C. Jiang, M. Hu, and W. Lee, 1999, “Mutual Fund Performance: Does Size Matter?” Financial Analysts Journal, 55, 74–87.

    Article  Google Scholar 

  • Wermers, R., 2000, “Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and Expenses,” Journal of Finance, 55, 1655–1695.

    Article  Google Scholar 

Download references

Rights and permissions

Reprints and permissions

Copyright information

© 2005 Springer Science+Business Media, Inc.

About this chapter

Cite this chapter

(2005). Performance of Mutual Funds. In: Mutual Funds. Innovations in Financial Markets and Institutions, vol 16. Springer, Boston, MA. https://doi.org/10.1007/0-387-25308-4_2

Download citation

Publish with us

Policies and ethics

Search

Navigation