TY - BOOK AU - Levy, Moshe AU - Roll, Richard TI - Mutual fund selection: from theory to practice SN - 9783031697579 U1 - 332.6327 PY - 2024/// CY - Cham PB - Palgrave Macmillan KW - Mutual funds N1 - Table of contents: Front Matter Pages i-ix Download chapter PDF Introduction Moshe Levy, Richard Roll Pages 1-7 Criteria for Mutual Fund Selection Moshe Levy, Richard Roll Pages 9-31 Investment for Intermediate and Long Horizons Moshe Levy, Richard Roll Pages 33-51 Estimating Future Performance: The Shrinkage-Adjusted Sharpe Ratio Moshe Levy, Richard Roll Pages 53-78 Active Versus Passive Investment Moshe Levy, Richard Roll Pages 79-95 Target Date Funds, and How to Improve Them Moshe Levy, Richard Roll Pages 97-115 The Role of Luck Moshe Levy, Richard Roll Pages 117-133 Back Matter Pages 135-149 [https://link.springer.com/book/10.1007/978-3-031-69758-6] N2 - The vast majority of investors in the capital market do so, at least in part, via mutual funds. In the US market alone, there are currently thousands of mutual funds to choose from. Thus, the task of mutual fund selection is of central importance. It is a notoriously difficult task, because the past return parameters are very noisy estimates of the future parameters. This book presents the state-of-the-art research in this field. It describes recent academic findings and translates them into practical guidelines for mutual fund selection, and will be of interest to researchers alongside professional investors and fund ranking agencies. (https://link.springer.com/book/10.1007/978-3-031-69758-6) ER -