Mutual funds are exploiting “unsophisticated”” mutual fund investors who chase “stale returns” because they’re unable to distinguish between positive new results and the dropping of poor older results from the relevant reporting period, says research co-authored by Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School.
Read the full article [ft.com]
Brain food 
Compass 
Entrepreneurship 
In the media 
Network 
News 
Reasons why 
The lowdown 
Thinkers
Comments