Performance and Characteristics of Swedish Mutual Funds

@inproceedings{Sderlind1999PerformanceAC,
  title={Performance and Characteristics of Swedish Mutual Funds},
  author={Magnus Dahlquist Stefan Engstr{\"o}m Paul S{\"o}derlind},
  year={1999}
}
  • Magnus Dahlquist Stefan Engström Paul Söderlind
  • Published 1999
This paper studies the relation between fund performance and fund attributes in the Swedish market. Performance is measured as the alpha in a linear regression of fund returns on several benchmark assets, allowing for time-varying betas. The estimated performance is then used in a cross-sectional analysis of the relation between performance and fund attributes such as past performance, flows, size, turnover, and proxies for expenses and trading activity. The results show, among other things… CONTINUE READING

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