Recent Publications:

Passive Mutual Funds and ETFS: Performance and Comparison, Edwin J. Elton, Martin J. Gruber, and Andre de Souza, forthcoming, 2019.

The Impact of Ross Exploration of APT on Own Research. Volume in honor of Steve Ross, Edwin J. Elton and Martin J. Gruber, Journal of Portfolio Management, 2018.

Fund of Funds Selection of Mutual Funds, Edwin J. Elton, Martin J. Gruber, and Andre de Souza, Critical Finance Review, 2018.

Target Risk Funds, Edwin J. Elton, Martin J. Gruber, and Andre de Souza, European Financial Management, 2016.

Target Date Funds: Characteristics and Performance, Edwin J. Elton, Martin J. Gruber, Andre de Souza, and Christopher R. Blake, Review of Asset Pricing Studies, 2015.

The Performance of Separate Accounts and Collective Investment Trusts, with Martin Gruber and Christopher Blake, Review of Finance, 2014.

Why Do Closed End Bond Funds Exist?, with Martin Gruber, Christopher Blake, and Or Shachar in Journal of Financial and Quantitative Analysis, March 2013

Mutual Funds, Edwin J. Elton, Martin J. Gruber. Financial Markets and Asset Pricing: Handbook of Economics and Finance. Edited by Constantinides, Harris and Stultz. Elsevier, 2013.

Does Mutual Fund Size Matter , with Martin Gruber and Christopher Blake in Review of Asset Pricing Studies, Vol. 2 (1) 2012

An Examination of Mutual Fund Timing Ability Using Monthly Holding Data, Edwin J. Elton, Martin J. Gruber. Review of Finance, Vol. 16 (3) March 2011.

Monthly Holdings Data and the Selection of Superior Mutual Funds, Edwin J. Elton, Martin J. Gruber, and Christopher Blake. Journal of Financial and Quantitative Analysis, April 2011.

The Effect of the Frequency of Holding Data on Conclusions About Mutual Fund Behavior, Edwin J. Elton, Martin J. Gruber, Joel Krasny, and Sadi Ozelge. Journal of Banking and Finance, Vol. 34, No. 5, May 2010, pages 135-146.

Applications of the Markowitz Portfolio Theory to Pension Fund Design, In: John Geurard, Jr. The Handbook of Portfolio Construction: Contemporary Applications of the Markowitz Techniques Springer, 2010.

Participant Reaction and The Performance of Funds Offered by 401(k) Plans, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake. Journal of Financial Intermediation.Vol. 16, No. 2, April 2007, pp 240-271.

The Impact of Mutual Fund Family Membership on Investor Risk, Edwin J. Elton, Martin J. Gruber, and T. Clifton Green. Journal of Financial and Quantitative Analysis. Vol. 42, No. 2, June 2007, pp 257-278.

Improved Estimates of Correlation Coefficients And Their Impact on the Optimum Portfolios, Edwin J. Elton, Martin J. Gruber, and Jonathan Spitzer. European Financial Management. Vol. 12, No. 3, pp 303-318, June 2006

The Adequacy of Investment Choices Offered By 401K Plans, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, Journal of Public Economics. Vol. 90, Issue 6-7, pp 1299-1314, August 2006.

Marginal Stockholder Tax Effects and Ex-Dividend Day Behavior-Evidence from Taxable versus Non-Taxable Funds, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, Review of Economics & Statistics. Vol. 87, No. 3, pp 579-586, August 2005.

Factors affecting the Valuation of Corporate Bonds, Edwin J. Elton, Martin J. Gruber, Deepak Agrawal, and Christopher Mann, Journal of Banking and Finance. November 2004.

Optimum Centralized Portfolio Construction with Decentralized Portfolio Management, Edwin J. Elton and Martin J. Gruber, Journal of Financial and Quantitative Analysis. September 2004.

Are Investors Rational? Choices Among Index Funds, Edwin J. Elton, Martin J. Gruber, and Jeffrey A. Busse, Journal of Finance, Vol. 59, No. 1, February 2004.

Incentive Fees and Mutual Funds, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, Journal Of Finance, Vol. 58, No. 2, April 2003.

Spiders: Where are the Bugs?, Edwin J. Elton, Martin J. Gruber, George Comer, and Kai Li, Journal of Business, Vol. 75, No. 3, December 2001.

Economic news and the Yield Curve: Evidence from the US Treasury Market, Pierluigi Balduzzi, Edwin J. Elton, and T. Clifton Green,  Journal of Financial and Quantitative Analysis, Vol. 36, No. 1, December 2001.