%0 Journal Article %A Yin-Ching Jan %A Mao-Wei Hung %T Short-Run and Long-Run Persistence in Mutual Funds %D 2004 %R 10.3905/joi.2004.391043 %J The Journal of Investing %P 67-71 %V 13 %N 1 %X This empirical examination of a strategy that picks equity mutual funds on the basis of past short- and long-run performance provides some interesting results. The premise is that short-run mutual fund performance is likely to persist in the long run. A division of the funds in the CRSP Survivor-Bias-Free U.S. Mutual Fund Database according to past performance?funds with strong past short-run and long-run performance rated as best?reveals that in the subsequent year the best funds significantly outperformed the worst funds. Mutual fund investors can likely benefit from selecting funds on the basis of not only past short-run performance but also past long-run performance. %U https://joi.pm-research.com/content/iijinvest/13/1/67.full.pdf