NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Return Persistence and Fund Flows in the Worst Performing Mutual Funds

Jonathan B. Berk, Ian Tonks

NBER Working Paper No. 13042
Issued in April 2007

---- Acknowledgements -----

Berk is grateful for financial support from the National Science Foundation (Grant No. 23-3371-00-0-79-092). Part of this work was completed while Tonks was a visiting Houblon-Norman fellow at the Bank of England. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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