Do Mutual Funds Deliver Alpha?

The finance theory is also concerned with testing a mutual fund performance and its role played in the global stock market.The rapid grow of mutual fund and their role in global stock market raise a vital research questions concerning the reliable assessment of funds performance. The text material had been structured to enable students to evaluate whether the superior performance is due to manager's skills of market timing and stock selection or luck. Importantly the book will also help them to relate theories and concepts to practices.