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Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market

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New Drivers of Performance in a Changing Financial World

Abstract

Funds of Funds (FoF) are financial instruments that have been traded on the American market since the 1980s. In the 1990s they experienced significant growth in the United States, but only at the beginning of the new millennium did they become an actively traded financial instrument in Europe (Davidson, 2003).

The chapter is the result of the authors’ continuous cooperation. The Introduction and conclusion could be attributed to Alessandro Carretta and the other paragraphs to Gianluca Mattarocci.

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© 2009 Alessandro Carretta and Gianluca Mattarocci

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Carretta, A., Mattarocci, G. (2009). Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market. In: Carretta, A., Fiordelisi, F., Mattarocci, G. (eds) New Drivers of Performance in a Changing Financial World. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230594814_5

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