Last month we examined the literature on performance persistence and came to the conclusion that pure persistence is the best selection tool to use when analysing fund performance. In the final article of our series we explain why and look at some of the methods available.
While relative persistence tests require testing a sample of funds a pure persistence test focuses on single fund. Relative persistence tests indicate persistence of the outperformance or underperformance relativ
The week on Risk.net, September 8-14, 2018Receive this by email