On management risk and price in the mutual fund industry: style and performance distribution analysis

This study shows how investing in mutual funds involves an additional risk, which we call management risk as a consequence of the uncertainty in the results of active management. To address this issue, we analyze a sample of 2539 US equity mutual funds. For comparative purposes, we differentiate amo...

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Veröffentlicht in:Risk management (Leicestershire, England) England), 2021-06, Vol.23 (1/2), p.150-171
Hauptverfasser: Matallín-Sáez, Juan Carlos, Soler-Domínguez, Amparo, de Mingo-López, Diego Víctor
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Sprache:eng
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