Description
1. Introduction What are mutual funds? Management companies and depositary banks Mutual fund types Mutual fund fees Regulations 2. Active Vs. Passive Management Active share measures Mutual funds R2 as a predictor of performance Active share and performance 3. Fund Size: Why is it Important? Fund Size Family Size 4. Performance Measures and Styles Return Metrics Risk Metrics Factor Models Where do alphas come from? Empirical examination of mutual fund investors’ timing ability Improved forecasting of mutual fund alphas and betas Investment styles 5. Mutual Fund Flows Dumb money Smart money The determinants of fund flows of managed portfolios 6. Ratings Morningstar ratings Sustainability ratings 7. Diversification Portfolio building and mutual funds Return Risk 8. Persistence Persistence methods Short-term persistence Long-term persistence 9. Volatility Return and volatility Fund flows and volatility Volatility and mutual fund management skills 10. Conclusion
