Active and passive funds: excess returns and persistence in performance - Evidence from the Swedish fund market 2000-2011 -
The purpose of this thesis is to study the performance of mutual funds in the Swedish fund market in 2000-2011. We study whether the active funds performed better than passive funds in terms of abnormal returns. We further study if a fund’s historical performance is a direct indicator of the fund’s performance in the future by measuring persistence in performance. Our data includes 28 active and 1
