Mutual fund performance with learning across funds
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Mutual fund performance with learning across funds by Christopher S. Jones

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Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

Subjects:

  • Mutual funds.,
  • Asset allocation.,
  • Investments.

Book details:

Edition Notes

StatementChristopher S. Jones, Jay Shanken.
SeriesNBER working paper series -- no. 9392, Working paper series (National Bureau of Economic Research) -- working paper no. 9392.
ContributionsShanken, Jay., National Bureau of Economic Research.
The Physical Object
Pagination46 p. :
Number of Pages46
ID Numbers
Open LibraryOL22446615M

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Get this from a library! Mutual fund performance with learning across funds. [Christopher S Jones; Jay Shanken; National Bureau of Economic Research.]. Mutual Fund Performance with Learning Across Funds This paper is based on the premise that knowledge about the alphas of one set of funds will influence an investor's beliefs about other funds. performance. Substantial ‘‘learning across funds’’ is documented, with significant effects on investment decisions. In a Bayesian framework, this form of learning is inconsistent with the assumption, made in the past literature, of prior independence across funds. Independence canFile Size: KB. Request PDF | Mutual Fund Performance with Learning Across Funds | The average level and cross-sectional variability of fund alphas are estimated from a large sample of mutual funds.

Mutual Fund Performance with Learning Across Funds. 54 Pages Posted: 6 Jun Christopher S. and Shanken, Jay A., Mutual Fund Performance with Learning Across Funds (December 3, ). Available at SSRN: The Persistence of Risk-Adjusted Mutual Fund by: Mutual fund performance with learning across funds Fisher, Mark & Jensen, Mark J., " Bayesian inference and prediction of a multiple-change-point panel model with nonparametric priors," Journal of Econometrics, Elsevier, vol. (1), pages Mark Fisher & . Mutual fund performance with learning across funds. [Christopher S Jones; Jay Shanken; National Bureau of Economic Research.] -- Abstract: This paper is based on the premise that knowledge about the alphas of one set of funds will influence an . John Hancock Investment Management LLC is the investment advisor for the closed-end funds. A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange-trading suspensions and closures, affect the ability to complete redemptions, and affect fund performance; for example, the novel coronavirus disease (COVID) has resulted in .

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