Mutual fund flows and investor returns An empirical.pdfVIP

University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln CBA Faculty Publications Business Administration, College of 9-1-2007 Mutual fund flows and investor returns: An empirical examination of fund investor timing abilit Geoffrey C. Friesen University of N ebraska-Lincoln, gfriesen2@ Travis R. A. Sapp Iowa State University, trasapp@ Follow this and additional works at : /cbafacpub Part of the Business Commons Friesen, Geoffrey C. and Sapp, Travis R . A., Mutual fund flows and investor returns: An empirical examination of fund investor timing ability (2007). CBA Faculty P ublications. Paper 48. /cbafacpub/48 This Article is brought to you for free and open access by the Business Administration, College of at DigitalCommons@ niversity of Nebraska - Lincoln. It has been accepted for inclusion in CBA Faculty Publications by an authorized administrator of DigitalCommons@ niversity of Nebraska - Lincoln. Published in Journal of Banking Finance 31:9 (September 2007), pp. 2796–2816; doi 10.1016/j.jbankfin.2007.01.024 Copyright © 2007 Elsevier B.V. Used by permission. /science/journal Submitted September 11, 2006; accepted January 9, 2007; published online April 29, 2007. Mutual fund flows and investor returns: An empirical examination of fund investor timing ability Geoffrey C. Friesen* and Travis R. A. Sapp† * College of Business, CBA 237, University of Nebraska–Lincoln, Lincoln, NE 68588-0490, USA (email gfriesen2@) † College of Business, 3362 Gerdin Business Bldg., Iowa State University, Ames, IA 50011-1350, USA (Corresponding author, email trasapp@) Abstract We examine the timing ability of mutual