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Performance Persistence of Active Mutual Funds Against Passive Index Funds

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Joenväärä, Juha
dc.contributor.author Malmlund, Arttu
dc.date.accessioned 2023-02-05T17:03:28Z
dc.date.available 2023-02-05T17:03:28Z
dc.date.issued 2022
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/119621
dc.description.abstract This research studies short- and mid-term persistence in the performance of actively managed European equity mutual funds in a sample from June 2002 to June 2022. The focus of this study is to evaluate the performance persistence against alternative portfolios of index funds, which reflect individual investors' other options. This research finds a significant persistence in the performance of actively managed mutual funds over the subsequent month. In that period, the portfolio of the best-performing mutual funds from the previous period outperforms the alternative portfolios. In the more extended evaluation periods, 3-12 months, the outperformance disappears, and the persistence pattern becomes minor. en
dc.format.extent 28
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Performance Persistence of Active Mutual Funds Against Passive Index Funds en
dc.title -
dc.type G1 Kandidaatintyö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Rahoituksen laitos fi
dc.subject.keyword performance persistence en
dc.subject.keyword active funds en
dc.subject.keyword index funds en
dc.subject.keyword European equity mutual funds en
dc.identifier.urn URN:NBN:fi:aalto-202302051971
dc.type.ontasot Bachelor's thesis en
dc.type.ontasot Kandidaatintyö fi
dc.programme Rahoitus en

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