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La persistance des performances des OPCVM actions françaises
[The persistence of French equity mutual funds]

Author

Listed:
  • De Marchi, Raffaele

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.

Suggested Citation

  • De Marchi, Raffaele, 2006. "La persistance des performances des OPCVM actions françaises [The persistence of French equity mutual funds]," MPRA Paper 92549, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92549
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    mutual funds; performance. persistence;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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