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  1. 1. Performance Persistence, Fund characteristics and Initial Fund Performance in Swedish Mutual Funds

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Philip Emtemark; Danny Liu; [2009]
    Nyckelord :Mutual Fund Performance; Mutual Fund Persistence; Initial Fund Performance; Fund Characteristics; Fama French Carhart;

    Sammanfattning : Abstract We examine performance persistence of 75 actively managed Swedish mutual funds during the period 1998 to 2008, employing the following three econometric models: CAPM, Fama-French 3-factor model and Carhart 4-factor model. We find neither outperformance of the market index net of fees nor evidence of performance persistence. LÄS MER