Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
NBER Working Paper No. 25381
---- Acknowledgments ----
We thank seminar participants at UC Berkeley and UC Irvine for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Sydney C. Ludvigson ----
Ludvigson is grateful to the CV Starr Center for Applied Economics at NYU for financial support.