Mutual fund performance: banking versus independent managers
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Otros documentos de la autoría: Matallín Sáez, Juan Carlos; Soler-Dominguez, Amparo; Tortosa-Ausina, Emili
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comunitat-uji-handle2:10234/8648
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Mutual fund performance: banking versus independent managersFecha de publicación
2011-09-09Editor
Taylor & FrancisCita bibliográfica
Applied Economics Letters (2012), Vol. 19, no. 8, 755-758Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.tandfonline.com/doi/full/10.1080/13504851.2011.602008Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
We examine the performance of mutual fund managers for a sample of Spanish mutual funds considering data on active management, loads, size and the number of funds managed per manager. We find evidence of differences ... [+]
We examine the performance of mutual fund managers for a sample of Spanish mutual funds considering data on active management, loads, size and the number of funds managed per manager. We find evidence of differences in fund performance according to management: independent managers outperform their banking counterparts even when the lower associated fees are considered. Overall, our results suggest that superior active managers do exist and the slight discrepancies which arise between managers can be interpreted as agency problems. [-]
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info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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