Time-varying performance in the cross-section of mutual fund returns
This thesis examines the central question of whether actively managed mutual funds generate returns beyond those offered by passively managed funds. Using a non-parametric change point test and a cross-sectional bootstrap technique, this study conducts the first comprehensive examination of mutual f...
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University of Birmingham
2017
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| Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.704830 |