Recently Published Books:

Investments and Portfolio Performance, 2011

Modern Portfolio Theory and Investment Analysis, Ninth Edition (2014)

Recently Published Papers:

"The Performance of Separate Accounts and Collective Investment Trusts*," Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, 2013

"Why Do Closed-End Bond Funds Exist? An Additional Explanation for the Growth in Domestic Closed-End Bond Funds," Journal of Financial and Quantitative Analysis, 2013.

"Does Mutual Find Size Matter? The Relationship Between Size and Performance," forthcoming, Review of Asset Pricing Studies, 2012.

"Mutual Funds," forthcoming in Constantinides, George, Milt Harris and Rene Stulz, Handbook of the Economics of Finance, Elseview, 2012.

"An Examination of Mutual Fund Timing Using Monthly Holding Data," forthcoming, Review of Finance, 2012.

"Monthly Holding Data and the Selection of Superior Mutual Funds," April 2011, Journal of Financial and Quantitative Analysis.

"The Effect of Frequency of Holding Data on Conclusions about Mutual Fund Management Behavior," Journal of Banking and Finance, May 2010.

"Applications of the Markowitz Portfolio Theory to Pension Fund Design." In: John Guerard, Jr. The Handbook of Portfolio Construction: Contemporary Applications of Markowitz Techniques, Chapter 14, Springer, 2010.

The Impact of Mutual Fund Family Membership on Investor Risk, Edwin J. Elton, Martin J. Gruber, and Clifton Green.

Participant Reaction and The Performance of Funds Offered by 401(k) Plans, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake.

Improved Estimates of Correlation Coefficients And Their Impact on the Optimum Portfolios, Edwin J. Elton, Martin J. Gruber, and Jonathan Spitzer.

The Adequacy of Investment Choices Offered by 401K Plans, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake.

Marginal Stockholder Tax Effects and Ex-Dividend Day Behavior Thirty-Two Years Later, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, forthcoming, Review of Economics & Statistics.

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

On the Valuation of Corporate Bonds Using Rating-Based Models, Edwin J. Elton, Martin J. Gruber, Deepak Agrawal, and Christopher Mann.

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

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 Fund Performance, 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.

A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP And Morningstar Mutual Fund Databases, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, Journal of Finance, Vol. 56, No. 6, December 2001.

Explaining the Rate Spread on Corporate Bonds, Edwin J. Elton, Martin J. Gruber, Deepak Agrawal, and Christopher Mann, Journal of Finance, February 2001.

The Rationality of Asset Allocation Recommendations, Edwin J. Elton and Martin J. Gruber, Journal of Financial and Quantitative Analysis, Vol. 35, No. 1, March 2000.

Common Factors in Active and Passive Portfolios, Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake, European Finance Review, Vol. 3, No. 1, 1999.

Another Puzzle: The Growth in Actively Managed Mutual Funds, Martin J. Gruber, Journal of Finance, Vol. 51, No. 3, July 1996.