Evaluating the Performance of International Mutual Funds

Authors

  • Robert E. Cumby New York University
  • Jack D. Glen University of Pennsylvania

DOI:

https://doi.org/10.1016/1057-0810(91)90017-S

Abstract

In this paper, the authors examine the performance of a sample of fifteen U.S.-based internationally diversified mutual funds between 1982 and 1988. Two performance measures are used, the Jensen measure and the positive period weighting measure proposed by Mark Grinblatt and Sheridan Titman. They find no evidence that the funds, either individually or as a whole, provide investors with performance that surpasses that of a broad, international equity index over this sample period. Journal of Finance, Vol. 45, No. 2 (June 1990), pp. 497-521. (Reprinted with permission of the Journal of Economic Literature.)

Published

1991-06-30

How to Cite

Cumby , R. E., & Glen, J. D. (1991). Evaluating the Performance of International Mutual Funds. Financial Services Review, 1(1), 82. https://doi.org/10.1016/1057-0810(91)90017-S

Issue

Vol. 1 No. 1 (1991): Financial Services Review

Section

Abstracts of Articles on Individual Financial Management

License

Copyright (c) 1991 JAI Press Inc.

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