This paper discusses the factors influencing return of mutual funds. It takes monthly funds as a dependent variable, and three kinds potential factors, which are characteristics funds, managers market independent variables.

Abstract We provide evidence regarding mutual funds’ motivation to hold lottery stocks. Funds with higher managerial ownership invest less in stocks, suggesting that managers themselves do not prefer such The instead supports cater fund investors’ preference for In particular, funds more holdings attract larger flows after portfolio disclosure compared their peers, and poorly performing tend en...

In this paper, we study the impact of sovereign CDS on equity mutual funds across 24 developed and emerging market countries. Our investigation builds premise that flow performance respond negatively to increased default risk as measured via entities. As predicted by our theory, find i) spreads are indeed associated with decreased return ii) covary subsequent fund flow. This is consistent inves...