1. Introduction
- What are mutual funds?
- Management companies and depositary banks
- Mutual fund types
- Mutual fund fees
- Regulations
2. Active Vs. Passive Management
- Active share measures
- Mutual funds R2 as a predictor of performance
- Active share and performance
3. Fund Size: Why is it Important?
4. Performance Measures and Styles
- Return Metrics
- Risk Metrics
- Factor Models
- Where do alphas come from?
- Empirical examination of mutual fund investors' timing ability
- Improved forecasting of mutual fund alphas and betas
- Investment styles
5. Mutual Fund Flows
- Dumb money
- Smart money
- The determinants of fund flows of managed portfolios
6. Ratings
- Morningstar ratings
- Sustainability ratings
7. Diversification
- Portfolio building and mutual funds
- Return
- Risk
8. Persistence
- Persistence methods
- Short-term persistence
- Long-term persistence
9. Volatility
- Return and volatility
- Fund flows and volatility
- Volatility and mutual fund management skills
10. Conclusion
