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The paradox of closing mutual funds to new investors
I provide an explanation for the well-established paradox that mutual funds that close to new investors fail to maintain their pre-closure positive abnormal performance after closing. Using a large sample of active US equity mutual funds, I find that the within-style performance ranks of closed fund...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Public Library of Science
2023
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10501617/ https://www.ncbi.nlm.nih.gov/pubmed/37708122 http://dx.doi.org/10.1371/journal.pone.0290254 |