메뉴 건너뛰기




Volumn 39, Issue 3, 1999, Pages 255-274

The information content of portfolio performance history and persistence in fund performance: An examination of rollover funds

Author keywords

Fund performance; Information value; Portfolio; Rollover funds

Indexed keywords


EID: 0012003490     PISSN: 08105391     EISSN: 1467629X     Source Type: Journal    
DOI: 10.1111/1467-629X.00026     Document Type: Article
Times cited : (21)

References (32)
  • 10
    • 21144474059 scopus 로고
    • Efficiency with costly information: A reinterpretation of evidence from managed portfolios
    • Elton, E. J., M. J. Gruber, S. Das and M. Hlavka, 1993, Efficiency with costly information: a reinterpretation of evidence from managed portfolios, Review of Financial Studies 6, 1-22.
    • (1993) Review of Financial Studies , vol.6 , pp. 1-22
    • Elton, E.J.1    Gruber, M.J.2    Das, S.3    Hlavka, M.4
  • 11
    • 0010858944 scopus 로고    scopus 로고
    • The persistence of risk-adjusted mutual fund performance
    • Elton, E. J., M. J. Gruber and C. R. Blake, 1996, The persistence of risk-adjusted mutual fund performance, Journal of Business 69, 133-157.
    • (1996) Journal of Business , vol.69 , pp. 133-157
    • Elton, E.J.1    Gruber, M.J.2    Blake, C.R.3
  • 13
    • 0041935237 scopus 로고
    • The coming investor revolt
    • October 31
    • Fierman, J., 1994, The coming investor revolt, Fortune October 31, 108-116.
    • (1994) Fortune , pp. 108-116
    • Fierman, J.1
  • 16
    • 84993660461 scopus 로고
    • The persistence of mutual fund performance
    • Grinblatt, M. and S. Titman, 1992, The persistence of mutual fund performance, Journal of Finance 47, 1977-1984.
    • (1992) Journal of Finance , vol.47 , pp. 1977-1984
    • Grinblatt, M.1    Titman, S.2
  • 17
    • 21144478549 scopus 로고
    • Performance measurement without benchmarks: An examination of mutual fund returns
    • Grinblatt, M. and S. Titman, 1993, Performance measurement without benchmarks: an examination of mutual fund returns, Journal of Business 66, 47-68.
    • (1993) Journal of Business , vol.66 , pp. 47-68
    • Grinblatt, M.1    Titman, S.2
  • 19
    • 0039056269 scopus 로고    scopus 로고
    • Another puzzle: The growth in actively managed mutual funds
    • Gruber M. J., 1996, Another puzzle: The growth in actively managed mutual funds, Journal of Finance 51, 783-810.
    • (1996) Journal of Finance , vol.51 , pp. 783-810
    • Gruber, M.J.1
  • 20
    • 75949087003 scopus 로고    scopus 로고
    • Hartman, D. E. and D. K. Smith, Jr., 1990, Building a competitive advantage in mutual fund sales, Journal of Retail Banking 12, 43-49.
    • Hartman, D. E. and D. K. Smith, Jr., 1990, Building a competitive advantage in mutual fund sales, Journal of Retail Banking 12, 43-49.
  • 21
    • 84993917531 scopus 로고
    • Hot hands in mutual funds: Short-run persistence of relative performance, 1974-1988
    • Hendricks, D., J. Patel and R. Zeckhauser, 1993, Hot hands in mutual funds: Short-run persistence of relative performance, 1974-1988, Journal of Finance 48, 93-130.
    • (1993) Journal of Finance
    • Hendricks, D.1    Patel, J.2    Zeckhauser, R.3
  • 22
    • 0000486548 scopus 로고
    • The performance of mutual funds in the period 1945-1964
    • Jensen, M. C., 1968, The performance of mutual funds in the period 1945-1964, Journal of Finance, 23, 389-415.
    • (1968) Journal of Finance , vol.23 , pp. 389-415
    • Jensen, M.C.1
  • 23
    • 0003114557 scopus 로고
    • Does historical performance predict future performance?
    • Kahn, R. N. and A. Rudd, 1995, Does historical performance predict future performance? Financial Analysts Journal, 51, 43-52.
    • (1995) Financial Analysts Journal , vol.51 , pp. 43-52
    • Kahn, R.N.1    Rudd, A.2
  • 24
    • 84977716317 scopus 로고
    • Mutual fund performance evaluation: A comparison of benchmarks and benchmark comparisons
    • Lehmannn, B. N. and D. Modest, 1987, Mutual fund performance evaluation: A comparison of benchmarks and benchmark comparisons, Journal of Finance 42, 233-265.
    • (1987) Journal of Finance , vol.42 , pp. 233-265
    • Lehmannn, B.N.1    Modest, D.2
  • 25
    • 84993848940 scopus 로고
    • Returns from investing in equity mutual funds
    • Malkiel, B. G., 1995, Returns from investing in equity mutual funds, Journal of Finance 50, 549-572.
    • (1995) Journal of Finance , vol.50 , pp. 549-572
    • Malkiel, B.G.1
  • 27
    • 84985559905 scopus 로고
    • The investment performance of unit trusts and mutual funds in Australia for the period 1969 to 1978
    • Robson, G. N., 1986, The investment performance of unit trusts and mutual funds in Australia for the period 1969 to 1978, Accounting and Finance 26, 55-79.
    • (1986) Accounting and Finance , vol.26 , pp. 55-79
    • Robson, G.N.1
  • 28
    • 0001752951 scopus 로고
    • Mutual fund performance
    • Sharpe, W. F., 1966, Mutual fund performance, Journal of Business 39, 119-138.
    • (1966) Journal of Business , vol.39 , pp. 119-138
    • Sharpe, W.F.1
  • 29
    • 0000290148 scopus 로고
    • Persistent performance in the mutual fund market: Tests with funds and investment advisers
    • Shukla R. and C. Trzcinka, 1994, Persistent performance in the mutual fund market: Tests with funds and investment advisers, Review of Quantitative Finance and Accounting 4, 115-135.
    • (1994) Review of Quantitative Finance and Accounting , vol.4 , pp. 115-135
    • Shukla, R.1    Trzcinka, C.2
  • 30
    • 0039927634 scopus 로고
    • Portfolio selection using special information, under the assumptions of the diagonal model, with mean-variance portfolio objectives, and without constraints
    • Szego and Shell, eds, North-Holland, Amsterdam
    • Treynor J. L. and F. Black, 1972, Portfolio selection using special information, under the assumptions of the diagonal model, with mean-variance portfolio objectives, and without constraints, in Szego and Shell, eds., Mathematical Methods in Investment and Finance (North-Holland, Amsterdam).
    • (1972) Mathematical Methods in Investment and Finance
    • Treynor, J.L.1    Black, F.2
  • 31
    • 85011920797 scopus 로고
    • Determinants of persistence in relative performance of mutual funds
    • Volkman, D. A. and M. E. Wohar, 1995, Determinants of persistence in relative performance of mutual funds, Journal of Financial Research 18, 415-430.
    • (1995) Journal of Financial Research , vol.18 , pp. 415-430
    • Volkman, D.A.1    Wohar, M.E.2
  • 32
    • 27944488428 scopus 로고
    • A test of persistence in the performance of New Zealand and Australian equity mutual funds
    • Vos, E., P. Brown and S. Christie, 1995, A test of persistence in the performance of New Zealand and Australian equity mutual funds, Accounting Research Journal 8, 19-34.
    • (1995) Accounting Research Journal , vol.8 , pp. 19-34
    • Vos, E.1    Brown, P.2    Christie, S.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.