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Regional Economic Outlook Sub-Saharan Africa Maintaining Growth in an Uncertain World

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The growth of investments in mutual funds around the world has widely increased during the past few decades, leading to fierce competition in the industry. Investors now have a wide range of products to choose from, which makes their investment decision more complicated than before. Although there are many factors in their decisions, performance still seems to be a determining factor (see Ippolito, 1992; Capon et al., 1996; Sirri and Tufano, 1998). As a result, from the investors’ point of view, it is important not only to know how the portfolio managers perform, but also to understand their...
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Regional Economic Outlook Sub-Saharan Africa Maintaining Growth in an Uncertain World

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