Performance of Mutual Funds An International Perspective [Hardcover]

This book responds to a growing demand for mutual funds. This timely collection of original papers focuses on changes of international investment in Europe, the US and New Zealand. Using a fresh approach, innovative techniques and various models this book assesses performance and provides an understanding of mutual funds on an international level.List of Tables List of Figures Acknowledgements Notes on the Contributors Introduction Returns and Fund Flows in Canadian Mutual Funds; R. Sinha and V. Jog New Zealand Equity Fund Performance Appraisal: A Non-Parametric Approach; D. Margaritis, R. Otten , and A. Tourani-Rad Danish Mutual Funds: Description, Costs, Performance, and a European Comparison; K. Bechmann and J. Rangvid Performance Idiosyncrasy in the Italian Mutual Fund Industry; R. Savona Seasonality and Performance in Spanish Mutual Funds Management; J. Matall?n-S?ez and D. Moreno On the Relationship Between Price and Quality in the U.S. Mutual Fund Industry: Evidence from the 1992-2003 Period; J. Gil-Bazo and P. Ruiz-Verd? Yaari's Dual Theory of Choice, Generalized Gini's Mean Differences, and Performance Evaluation for Mutual Funds; W. Breuer and M. G?rtler Efficiency of U.S. Mutual Funds using Data Envelopment Analysis; G. Gregoriou Performance Persistence of Unit Funds: Evidence from a Small, Integrated Market; V. Pot? and E. Duffy What is Behind the Financial Performance of Ethical Funds? A Study of the American Market; R. Burlacu, I. Girerd-Potin , and D. Dupr? The German Mutual Fund Market; Si Ber, A. Kempf, and S. Ruenzi Analysis of the Size Effect on Spanish Mutual Investment Funds; J. Fern?ndez-Serrano and L. Luna IndexKEN L. BECHMANN Associate Professor, Department of Finance, Copenhagen Business School, DenmarkSILKE BER Research Assistant, Department of Finance, University of Cologne, GermanyWOLFGANG BREUER Full Professor of Finance, RWTH Aachen University, GermanyRADU BURLACU Associate Professor of Finance, University Pierre Mend?s France, Grenoblelc‘