NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?

Martin Lettau, Sydney C. Ludvigson, Paulo Manoel

NBER Working Paper No. 25381
Issued in December 2018

---- 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.

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