1887

n Investment Analysts Journal - Are today's winning institutions tomorrow's losers?

Volume 1999, Issue 49
  • ISSN : 1029-3523
This is currently unavailable for purchase.

 

Abstract

Extracted from text ... Number 49 - Part 4 JduP Smith and AJ van der Merwe Are today's winning institutions tomorrow's losers?* 1. Introduction The efficient market hypothesis implies that past performance is no guide to future performance. Nevertheless there is a whole industry in South Africa devoted to tracking, reporting and ranking the past performance of unit trusts and pension funds. This seems to imply that there is a belief that not only does active management outperform passive management, but also the belief that persistence exists; the best performing funds and fund managers in the past are likely to be the best performing ..

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/invest/1999/49/EJC46710
1999-01-01
2016-12-09

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error