Do actively managed US mutual funds produce positive alpha?
(2019)
Journal Article
Huang, R., Pilbeam, K., & Pouliot, W. (2021). Do actively managed US mutual funds produce positive alpha?. Journal of Economic Behavior and Organization, 182, 472-492. https://doi.org/10.1016/j.jebo.2019.03.006
Using more general forms of equilibrium asset pricing models, we reexamine the recent literature on actively managed US Mutual Fund performance over the period 1984-2015. Using the false discovery technique, we show that the existing literature which... Read More about Do actively managed US mutual funds produce positive alpha?.