Mutual Funds (Carhart (1997) (Do managers have skill? (Otten and Bams…
Performance persistent in the short-term?
Why can past-winner fund generate persistent performance?
Do managers have skill?
Otten and Bams (2002)
Cutherbertson et al. (2008)
Types of Mutual Fund
Behavioural Explanation - Noise
Gemmill and Thomas (2002)
Jain and Wu (2000)
Will more money fly to the advertisement fund?