Persistence in European Mutual Fund Performance
How Fees and Costs Affect Persistent Returns
Past performance is often the first filter investors use, but how reliable is it as a predictor of future success? Our latest research examines performance persistence across European mutual funds, exploring whether top performers truly stay ahead or if results are largely driven by chance and market dynamics.
Analysing 11,500 funds over 15 years, this study uncovers when persistence exists, what drives it, and why avoiding consistent underperformers may matter more than chasing winners. The findings offer practical insights for fund selection in an increasingly competitive landscape.
