Starting on the wrong foot: Seasonality in mutual fund performance

Keyphrases

• Underperformance 100%
• Mutual Fund Performance 100%
• Active Funds 100%
• Inflation 50%
• Microstructure 50%
• Investor Flows 50%
• Fund Investment 50%
• Reversal Effect 50%
• Fund Size 50%
• Investment Style 50%
• Cash Distribution 50%
• Active Management 50%
• Seasonal Component 50%
• Stock Returns 50%
• First Month 50%
• Flow Distribution 50%
• Return Reversal 50%

Economics, Econometrics and Finance

• Investors 100%
• Inflation 100%
• Capital Market Returns 100%