The Timing (In)Ability of Mutual Fund Investors
September 22, 2006 - Individual Investing, Mutual/Hedge Funds
Do mutual fund investors move their money into and out of the stock market at the right times, or the wrong times? In their August 2006 paper entitled “Mutual Fund Flows and Investor Returns: An Empirical Examination of Fund Investor Timing Ability”, Geoffrey Friesen and Travis Sapp examine the flows of funds to/from individual mutual… Keep Reading