Details

Autor(en) / Beteiligte

• Cogneau, Philippe
• Bodson, Laurent
• Hübner, Georges
• Terraza, Virginie
• Razafitombo, Hery

Titel

Is There a Link between Past Performance and Fund Failure?

Ist Teil von

• Understanding Investment Funds, 2013, p.9-36

Ort / Verlag

London: Palgrave Macmillan UK

Erscheinungsjahr

2013

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Mutual fund survivorship has been an ongoing concern since the early 1990s for different reasons. Many researchers have studied this phenomenon because of the so-called survivorship bias. Indeed, ignoring the funds that disappear while analyzing the performance of funds generates an important bias – since the funds that failed during the period are omitted, only the funds that were alive during the whole period are selected. Another stream of papers has focused on the assessment of the percentage of ’graveyard’ funds, that is, those that disappear within a certain period. Fewer have aimed to examine the determinants of the fund terminations.