Family status and mutual fund performance

Show simple item record Clare, Andrew O'Sullivan, Niall Sherman, Meadhbh 2014-11-27T12:36:53Z 2015-12-01T05:00:06Z 2014-06
dc.identifier.citation CLARE, A., O'SULLIVAN, N. & SHERMAN, M. 2014. Family status and mutual fund performance. Journal of Asset Management, 15, 163-175. en
dc.identifier.startpage 163 en
dc.identifier.endpage 175 en
dc.identifier.issn 1470-8272
dc.identifier.doi 10.1057/jam.2014.19
dc.description.abstract Using a large and long sample of US and European mutual funds, we examine the impact that membership of a fund family has on performance. We test for strategic and competitive behaviours among family funds and whether this affects performance persistence and risk-taking. While we do not find evidence of stronger performance persistence among family funds versus non-family funds, we do find some significant differences in the future performance of portfolios of family and non-family funds formed on the basis of past performance. We find strong evidence that a fund/'s mid-year ranking within its family and within its sector affects its risk-taking over the remainder of the year. However, most interestingly, we find evidence to suggest differences in the ways in which the US and European fund management industries operate, although future microstructure research would be required to identify the industry practices and cultures that may be the source of these differences. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Palgrave Macmillan en
dc.rights This is a post-peer-review, pre-copyedit version of an article published in Journal of Asset Management. The definitive publisher-authenticated version CLARE, A., O'SULLIVAN, N. & SHERMAN, M. 2014. Family status and mutual fund performance. Journal of Asset Management, 15, 163-175 is available online at en
dc.subject Fund family en
dc.subject Performance persistence and risk en
dc.title Family status and mutual fund performance en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Niall O'Sullivan, Economics, University College Cork, Cork, Ireland. +353-21-490-3000 Email: en
dc.internal.availability Full text available en Access to this article is restricted until 18 months after publication by the request of the publisher. en 2014-05-02T09:43:14Z
dc.description.version Accepted Version en
dc.internal.rssid 249311734
dc.description.status Peer reviewed en
dc.identifier.journaltitle Journal of Asset Management en
dc.internal.copyrightchecked No !!CORA!! AV permitted. Set Statement,. 18 month embargo. en
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress en

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