La persistance des performances des OPCVM actions françaises

The persistence of French equity mutual funds

Raffaele De Marchi

MPRA Paper from University Library of Munich, Germany

Abstract: Using a data set which is largely free of survivorship bias, this study analyzes the persistence of the performance of French equity funds from 1993 to 2002. The main empirical result is that persistence, although detected in some years, appears to be a quite unstable phenomenon, strongly dependent upon the time period of study. Evidence that historical information can be used to select “superior” managers is weak. Overall, the results are consistent with market efficiency.

Keywords: mutual funds; performance. persistence (search for similar items in EconPapers)
JEL-codes: G11 G14 G23 (search for similar items in EconPapers)
Date: 2006
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Published in Banque & Marchés 82 (2006): pp. 24-40

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92549

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