EconPapers    
Economics at your fingertips  
 

Mutual Funds

Edwin J. Elton and Martin J. Gruber

Chapter Chapter 15 in Handbook of the Economics of Finance, 2013, vol. 2, pp 1011-1061 from Elsevier

Abstract: In this chapter we examine the three main types of mutual funds, open end funds, closed end funds and exchange traded funds. After a description of each of these organizational forms, we discuss the principle research issues for each type. For open end mutual funds, this includes performance measurement techniques, how well funds have performed, and the informational content of past performances, how well investors do in selecting funds, and the determinants of cash flows into funds. For closed end funds, we discuss determinants of the discount and why this organizational form exists. Finally for exchange traded funds our discussion includes how well they track the index, their performance, and some additional topics.

Keywords: Open end funds; closed end funds; exchange traded funds; performance (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/B9780444594068000159
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finchp:2-b-1011-1061

DOI: 10.1016/B978-0-44-459406-8.00015-9

Access Statistics for this chapter

More chapters in Handbook of the Economics of Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2021-07-15
Handle: RePEc:eee:finchp:2-b-1011-1061