The Beta Anomaly and Mutual Fund Performance

The authors thank Jeffrey Busse, Alan Crane, Kevin Crotty, Jon Fulkerson, Stijn Van Nieuwerburgh, Tong Xu, James Yae, Terry Zhang, Virgilio Zurita, seminar participants at Emory University and Fudan University, and participants at the Korea-America Economic Association-Allied Social Science Association 2018 Workshop, the Midwest Finance Association 2018 Annual Meeting, the 2018 Eastern Finance Association Annual Meeting, the 2018 Greater China Area Finance Conference, the 2018 Lone Star Finance Conference, the 2019 Finance Down Under Conference, and the Northern Finance Association 2019 Conference for comments. We apologize for any errors remaining in the paper.