---
title: From Words to Portfolios: Disentangling Narrative and Reality in Mutual Fund Differentiation
url: https://www.ml-quant.com/papers/ssrn/7682021/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-14
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7682021
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7682021
featured: 2026-11-13
citations: unknown
topic: LLMs & Text
---


# From Words to Portfolios: Disentangling Narrative and Reality in Mutual Fund Differentiation

Narrative distinctiveness drives fees and flows while portfolio uniqueness predicts future alpha, suggesting fund prospectuses serve marketing while holdings signal performance ability.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7682021
- Identifier: SSRN 7682021
- Released: 2026-11-09
- First featured: Quant Letter No. 139 (2026-11-13): https://www.ml-quant.com/issues/2026-11-13/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: LLMs & Text
- Authors: Ge Yu

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