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Emerging Markets and the Global Economy by Duc Khuong Nguyen, Sabri Boubaker, Mohammed Hedi Arouri

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Chapter 13

An Empirical Study on Mutual Funds Performance Persistence in China

Dawei Chen, Christopher Gan and Baiding Hu,    Department of Accounting, Economics and Finance, Lincoln University, Canterbury, New Zealand,    E-mail: david.chend@gmail.com, Christopher.Gan@Lincoln.ac.nz, Baiding.Hu@Lincoln.ac.nz

Abstract

This study investigates whether the performance persistence phenomenon exists in the Chinese mutual funds industry in both short term and long term by employing Goetzmann and Ibbotson’s (1994) method. The data set consists of all open-end equity mutual funds in China and is free of survivorship bias. The research period covers January 2002 to December 2010. Equity open-end funds selected for this study are not terminated or merged ...

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