Another Puzzle: The Growth in Actively Managed Mutual Funds

Martin J. Gruber

The Journal of Finance, Vol. 51, No. 3, Papers and Proceedings of the Fifty-Sixth AnnualMeeting of the American Finance Association, San Francisco, California, January 5-7, 1996. (Jul.,1996), pp. 783-810.

Stable URL:

http://links.jstor.org/sici?sici=0022-1082%28199607%2951%3A3%3C783%3AAPTGIA%3E2.0.CO%3B2-N

The Journal of Finance is currently published by American Finance Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/afina.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact support@jstor.org.

http://www.jstor.orgThu Jan 4 03:44:59 2007