Mutual Fund Flows and Performance in Rational Markets

Berk, Jonathan; Green, Richard

doi:10.3386/w9275

reportNational Bureau of Economic ResearchOct 1, 2002GREEN OA

Mutual Fund Flows and Performance in Rational Markets

JBJonathan Berk RGRichard Green

National Bureau of Economic Research · Carnegie Mellon University · +1 more institution

Indexed incrossref

Abstract

We develop a simple rational model of active portfolio management that provides a natural benchmark against which to evaluate observed relationship between returns and fund flows.

Citation impact

1,202

total citations

FWCI: —
Percentile: —
References: 50

Citations per year

Authors

JB
Jonathan BerkCorresponding
National Bureau of Economic Research, Carnegie Mellon University, University of California, Berkeley
RG
Richard Green
National Bureau of Economic Research, Carnegie Mellon University, University of California, Berkeley

Topics & keywords

Topics

Financial Markets and Investment Strategies100%
Complex Systems and Time Series Analysis100%
Economic theories and models100%

Keywords

Mutual fund
Economics
Financial economics
Business
Microeconomics
Finance

No related works found for this paper.