References
- Alves , C and Mendes , V . 2007 . Are mutual fund investors in jail? . Applied Financial Economics , 17 : 1301 – 12 .
- Barber , BM , Odean , T and Zheng , L . 2005 . Out of sight, out of mind: the effects of expenses on mutual fund flows . The Journal of Business , 78 : 2095 – 119 .
- Brown , SJ and Goetzmann , WN . 1995 . Performance persistence . The Journal of Finance , 50 : 679 – 98 .
- Chevalier , J and Ellison , G . 1997 . Risk taking by mutual funds as a response to incentives . The Journal of Political Economy , 105 : 1167 – 200 .
- Ciriaco , A and Santamaría , R . 2005 . Persistencia de resultados en los fondos de inversión españoles . Investigaciones Económicas , 29 : 525 – 73 .
- Del Guercio , D and Tkac , AP . 2002 . The determinants of the flow of funds of managed portfolios: mutual funds vs. pension funds . Journal of Financial and Quantitative Analysis , 37 : 523 – 57 .
- Fama , EF and McBeth , DJ . 1973 . Risk, return and equilibrium: empirical tests . Journal of Political Economy , 81 : 607 – 36 .
- Ferruz , L and Vicente , L . 2005 . Performance persistence in Spanish equity funds . Applied Financial Economics , 15 : 1305 – 13 .
- Gil-Bazo , J and Martínez , AM . 2004 . The black box of mutual fund fees . Revista de Economía Financiera , 4 : 54 – 82 .
- Goetzmann , WN , Massa , M and Geert Rouwenhorst , K . 2000 . Behavioral factors in mutual fund flows , Yale ICF Working Paper No. 00–14
- Goetzmann , WN and Peles , N . 1997 . Cognitive dissonance and mutual fund investors . The Journal of Financial Research , 20 : 145 – 58 .
- Grinblatt , M and Titman , S . 1992 . The persistence of mutual fund performance . The Journal of Finance , 47 : 1977 – 84 .
- Gruber , MJ . 1996 . Another puzzle: the growth in actively managed mutual funds . The Journal of Finance , 51 : 783 – 810 .
- Investment Company Industry (ICI) . 2006 . 2006 Investment Company Fact Book, , 46th edn , A Review of Trends and Activity in the Investment Company Industry, Investment Company Industry ISBN 1-878731-40-8 .
- Ippolito , RA . 1992 . Consumer reaction to measures of poor quality: evidence from the mutual fund industry . Journal of Law and Economics , 35 : 45 – 70 .
- Israelsen , CL . 2005 . A refinement to the sharpe ratio and information ratio . Journal of Asset Management , 5 : 423 – 7 .
- Nanda , V , Jay Wang , Z and Zheng , L . 2004 . Family values and the star phenomenon: strategies of mutual fund families . The Review of Financial Studies , 17 : 667 – 98 .
- Odean , T . 1998 . Are investors reluctant to realize their losses? . The Journal of Finance , 53 : 1775 – 98 .
- O’Neal , ES . 2004 . Purchase and redemption patterns of US equity mutual funds . Financial Management , 33 : 63 – 90 .
- Shefrin , H and Statman , M . 1985 . The disposition to sell winners too early and ride losers too long: theory and evidence . The Journal of Finance , 40 : 777 – 90 .
- Shu , P-G , Yeh , Y-H and Yamada , T . 2002 . The behaviour of Taiwan mutual fund investors-performance and fund flows . Pacific-Basin Finance Journal , 10 : 583 – 600 .
- Sirri , ER and Tufano , P . 1998 . Costly search and mutual fund flows . The Journal of Finance , 53 : 1589 – 622 .
- Torre , B and García , M . 2002 . El mercado español de fondos de inversión de renta variable . Información Comercial Española , 800 : 193 – 207 .
- White , H . 1980 . A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity . Econometrica , 48 : 817 – 38 .
- Zhao , X . 2005 . Determinants of flows into retail bond funds . Financial Analysts Journal , 61 : 47 – 59 .