Abstract
This paper analyzes the performance of equity mutual funds in the US, using monthly data for a sample of 4,431 equity mutual funds over the period 1999–2012. Our empirical findings suggest that larger funds with higher liquidity and turnover generate higher returns, while expenses and management fees have a negative impact on performance.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have