The DOI matches its Crossref record; 26 of the 26 references it cites were found in a registry or an index.
Mutual fund styles
Open accessAbstract
Mutual funds are typically grouped by their investment objectives or the ‘style’ of their managers. We propose a new empirical to the determination of manager ‘style’. This approach is simple to apply, yet it captures nonlinear patterns of returns that result from virtually all active portfolio management styles. Our classifications are superior to common industry classifications in predicting cross-sectional future performance, as well as past performance, and they also outperform classifications based on risk measures and analogue portfolios. Interestingly, ‘growth’ funds typically break down into several categories that differ in composition and strategy.
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Cites
The Cross‐Section of Expected Stock Returns
FAMA, E. F., & FRENCH, K. R. (1992) · The Journal of Finance · doi:10.1111/j.1540-6261.1992.tb04398.x · Cited by 17,261
(1975) · CERN Document Server (European Organization for Nuclear Research) · Cited by 5,958
Economic Forces and the Stock Market
Chen, N.-F., Roll, R., & Ross, S. A. (1986) · The Journal of Business · doi:10.1086/296344 · Cited by 5,231
THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964
Jensen, M. C. (1968) · The Journal of Finance · doi:10.1111/j.1540-6261.1968.tb00815.x · Cited by 4,329
Gordon, A. D., & Hartigan, J. A. (1976) · Journal of the American Statistical Association · doi:10.2307/2286880 · Cited by 2,569
Measuring Fund Strategy and Performance in Changing Economic Conditions
FERSON, W. E., & SCHADT, R. W. (1996) · The Journal of Finance · doi:10.1111/j.1540-6261.1996.tb02690.x · Cited by 1,759
Asset allocation: Management style and performance measurement
Sharpe, W. F. (1992) · The Journal of Portfolio Management · doi:10.3905/jpm.1992.409394 · Cited by 1,556
Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry
BROWN, K. C., HARLOW, W. V., & STARKS, L. T. (1996) · The Journal of Finance · doi:10.1111/j.1540-6261.1996.tb05203.x · Cited by 1,485
Contrarian Investment, Extrapolation, and Risk
Lakonishok, J., Shleifer, A., & Vishny, R. W. (1994) · The Journal of Finance · doi:10.2307/2329262 · Cited by 1,354
Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings
Grinblatt, M., & Titman, S. (1989) · The Journal of Business · doi:10.1086/296468 · Cited by 1,349
Cited by
Careers and Survival: Competition and Risk in the Hedge Fund and CTA Industry
Brown, S. J., Goetzmann, W. N., & Park, J. (2001) · The Journal of Finance · doi:10.1111/0022-1082.00392 · Cited by 474
Self-citationThe ESG Flow-Return Paradox: Green sentiment boosts inflows but lags in returns
Gao, P., & Perdana, A. (2026) · Journal of Environmental Management · doi:10.1016/j.jenvman.2025.128385 · Cited by 5
Metadata
- Authors
- Brown, S. J., & Goetzmann, W. N.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 1997-03
- Volume
- 43
- Issue
- 3
- Pages
- 373-399
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W3126094216
- Cited by
- 474
- References
- 26
- FWCI
- 22.60
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.