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Do Winners Repeat with Style?

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  • Roger Ibbotson
  • Amita Patel

Abstract

Several studies have found that considerable persistence exists in mutual fund performance. We study this phenomenon in fund managers who achieve superior performance, after adjusting for the investment style of the fund. Our data of domestic equity mutual funds indicates that winning funds do repeat good performance. Style-adjusted al

Suggested Citation

  • Roger Ibbotson & Amita Patel, 2002. "Do Winners Repeat with Style?," Yale School of Management Working Papers ysm253, Yale School of Management, revised 01 Feb 2003.
    • Handle: RePEc:ysm:wpaper:ysm253
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    File URL: https://repec.som.yale.edu/icfpub/publications/2543.pdf
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    References listed on IDEAS

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    1. Michael C. Jensen, 1968. "The Performance Of Mutual Funds In The Period 1945–1964," Journal of Finance, American Finance Association, vol. 23(2), pages 389-416, May.
    2. Brown, Stephen J & Goetzmann, William N, 1995. "Performance Persistence," Journal of Finance, American Finance Association, vol. 50(2), pages 679-698, June.
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