Abstract
We analyze the impact of managerial tenure on the performance of mutual funds. We examine different aspects of the mutual funds and relate them to managerial tenure. We control for risk, asset allocation (North America and Emerging Markets), size, turnover and number of holdings. Based on a sample of index mutual funds, we find that managerial tenure has significant impact of the funds return. The strength of this relation diminishes as performance is measured on longer term basis. There is no significant direct impact of managerial tenure on expense ratio and rating.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
