Mutual Fund Investors Irrationally Naive?
April 4, 2019 - Investing Expertise, Mutual/Hedge Funds
Do retail investors rationally account for risks as modeled in academic research when choosing actively managed equity mutual funds? In their March 2019 paper entitled “What Do Mutual Fund Investors Really Care About?”, Itzhak Ben-David, Jiacui Li, Andrea Rossi and Yang Song investigate whether simple, well-known signals explain active mutual fund investor behavior better than… Keep Reading