Persistence in mutual funds performance: evidence from the Greek market

Βασίλειος Mπαμπαλός


The present study investigates the persistence hypothesis of Greek equity funds, during the
period 1998-2004. We utilize all common performance measures and perform non-parametric
tests. The results reveal weak evidence of persistence, which, however, disappears after 2001. Correctly
adjusting for risk factors and documented portfolio strategies, explains a significant part of
the previously reported persistence.


Capital market; Stock exchange

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η δικτυακή πύλη της ευρωπαϊκής ένωσης ψηφιακή ελλάδα ΕΣΠΑ 2007-2013