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Performance persistence in Spanish equity funds

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  • Luis Vicente
  • Luis Ferruz

Abstract

Past literature shows that tests of performance persistence do not agree in the most important mutual fund markets and so there is a need for further research in other smaller countries such as Spain, one of the biggest growth fund markets in Europe in the nineties. Spanish equity funds investing in domestic stocks exhibit mixed results when performance persistence is analysed. These results were obtained from an exhaustive application of parametric and non-parametric procedures proposed in the past financial literature.

Suggested Citation

  • Luis Vicente & Luis Ferruz, 2005. "Performance persistence in Spanish equity funds," Applied Financial Economics, Taylor & Francis Journals, vol. 15(18), pages 1305-1313.
    • Handle: RePEc:taf:apfiec:v:15:y:2005:i:18:p:1305-1313
    DOI: 10.1080/09603100500389697
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    References listed on IDEAS

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    Cited by:

    1. Javier Rodriguez, 2008. "European mutual funds and portfolio's country exposure: does active management add value?," Applied Financial Economics, Taylor & Francis Journals, vol. 18(8), pages 683-689.
    2. Zia-ur-Rehman Rao & Muhammad Zubair Tauni & Tanveer Ahsan & Muhammad Umar, 2020. "Do mutual funds have consistency in their performance?," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(2), pages 139-153, May.
    3. Luis Ferruz & Cristina Ortiz & Jose Sarto, 2009. "Decisions of domestic equity fund investors: determinants and search costs," Applied Financial Economics, Taylor & Francis Journals, vol. 19(16), pages 1295-1304.

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