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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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Detalles Bibliográficos
Autor principal: Covachev, Svetoslav
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
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