GREG N. GREGORIOU is Associate Professor of Finance and Co-ordinator of Faculty Research in the School of Business and Economics at State University of New York (Plattsburgh), USA. He obtained his PhD (Finance) from the University of Quebec at Montreal and is the hedge fund editor for the peer-reviewed journal Derivatives Use, Trading and Regulation published by Henry Stewart Publications based in the UK. He has authored over 50 articles on hedge funds, and managed futures in various US and UK peer-reviewed publications, including the Journal of Portfolio Management, Journal o

• List of Tables List of Figures Acknowledgements Notes on the Contributors Introduction Returns and Fund Flows in Canadian Mutual Funds; R. Sinha and V. Jog New Zealand Equity Fund Performance Appraisal: A Non-Parametric Approach; D. Margaritis, R. Otten , and A. Tourani-Rad Danish Mutual Funds: Description, Costs, Performance, and a European Comparison; K. Bechmann and J. Rangvid Performance Idiosyncrasy in the Italian Mutual Fund Industry; R. Savona Seasonality and Performance in Spanish Mutual Funds Management; J. Matallín-Sáez and D. Moreno On the Relationship Between Price and Quality in the U.S. Mutual Fund Industry: Evidence from the 1992-2003 Period; J. Gil-Bazo and P. Ruiz-Verdú Yaari's Dual Theory of Choice, Generalized Gini's Mean Differences, and Performance Evaluation for Mutual Funds; W. Breuer and M. Gürtler Efficiency of U.S. Mutual Funds using Data Envelopment Analysis; G. Gregoriou Performance Persistence of Unit Funds: Evidence from a Small, Integrated Market; V. Potì and E. Duffy What is Behind the Financial Performance of Ethical Funds? A Study of the American Market; R. Burlacu, I. Girerd-Potin , and D. Dupré The German Mutual Fund Market; Si Ber, A. Kempf, and S. Ruenzi Analysis of the Size Effect on Spanish Mutual Investment Funds; J. Fernández-Serrano and L. Luna Index