What Explains Performance Persistence of Corporate Bond Mutual Funds?
This paper examines the performance of corporate bond mutual funds during the period from 1990 to 2003. We find strong evidence of persistence in risk-adjusted performance. The reason behind the persistent performance varies across fund types. For high-quality bond funds, the persistence is driven b...
| Main Author: | |
|---|---|
| Other Authors: | |
| Language: | EN |
| Published: |
The University of Arizona.
2005
|
| Online Access: | http://hdl.handle.net/10150/195219 |