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2022-03-07

A Review of the Performance Measurement of Long-Term Mutual Funds

We review the major models of mutual fund performance: (1) using return data to evaluate equity funds—from single to multi-index models, (2) measuring passive portfolio performance, (3) using holdings-based performance measures, (4) measuring timing ability, and (5) measuring bond fund performance. We conclude with a discussion of issues affecting performance measurement: data sources and bias, missing factors, and improvements to benchmarks.

Author - Edwin J Elton, Martin J Gruber
Journal - Financial Analysts Journal

Source - https://web.p.ebscohost.com/ehost/detail/detail?vid=0&sid=73cc983a-5ea3-4b63-9378-e15f24ad4fce%40redis&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=144667567&db=bsh