2012-02-14
Another Look at the Performance of Actively Managed Equity Mutual Funds
Publication
Publication
In this study we evaluate the performance of actively managed equity mutual funds against a set of passively managed index funds. We find that the return spread between the best performing actively managed funds and a factor-mimicking portfolio of passive funds is positive and as large as 3 to 5 percent per annum. Our findings are inconsistent with the view that active funds have little or no incremental economic value over low-cost index funds.
| Additional Metadata | |
|---|---|
| , , , , | |
| , , | |
| hdl.handle.net/1765/76904 | |
| Organisation | Rotterdam School of Management (RSM), Erasmus University |
|
Blitz, D., & Huij, J. (2012). Another Look at the Performance of Actively Managed Equity Mutual Funds. Retrieved from http://hdl.handle.net/1765/76904 |
|