New Zealand mutual funds : measuring performance and persistence in performance

  • Rob Bauera, Rogér Ottenb, Alireza Tourani Radc
  • Published 2006

Abstract

The present study investigates the performance of New Zealand mutual funds using a survivorship-bias controlled sample of 143 funds for the period of 1990–2003. Our overall results suggest that New Zealand mutual funds have not been able to provide out-performance. Alphas for equity funds, both domestic and international, are insignificantly different from… (More)

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