Using daily return data from 448 actively managed mutual funds over a recent 9-year period, we look for persistence, over two consecutive quarters, in the abili

This paper investigates the short-term performance of Greek mutual funds. We hypothesise that the returns earned by mutual fund managers are either due to their

We estimate parameters of standard stock selection and market timing models using daily mutual fund returns and quarterly measurement periods. We then rank fund

The on-going debate over whether fund managers have skills and whether those skills are short-lived is still inconclusive. Using the performance measure that ca

The importance of mutual funds for individual investors has increased in recent decades. This becomes apparent when looking at the increased share of households