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Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market

In: New Drivers of Performance in a Changing Financial World

Author

Listed:
  • Alessandro Carretta
  • Gianluca Mattarocci

Abstract

Funds of Funds (FoF) are financial instruments that have been traded on the American market since the 1980s. In the 1990s they experienced significant growth in the United States, but only at the beginning of the new millennium did they become an actively traded financial instrument in Europe (Davidson, 2003).

Suggested Citation

  • Alessandro Carretta & Gianluca Mattarocci, 2009. "Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Alessandro Carretta & Franco Fiordelisi & Gianluca Mattarocci (ed.), New Drivers of Performance in a Changing Financial World, chapter 5, pages 69-88, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-59481-4_5
    DOI: 10.1057/9780230594814_5
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    References listed on IDEAS

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    20. Richard Kum-yew Lai, 2005. "Why Funds of Funds?," Finance 0509005, University Library of Munich, Germany.
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    Cited by:

    1. Nadège Ribau-Peltre & Pascal Damel & An Lethi, 2018. "A methodology to avoid over-diversification of funds of equity funds An implementation case study for equity funds of funds in bull markets," Post-Print hal-03027770, HAL.

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    More about this item

    Keywords

    Mutual Fund; Portfolio Selection; Hedge Fund; Fund Manager; Investment Company;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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