Abstract:We examine the effect of mutual fund fee structure on mutual fund exit mode and timing. The evidence presented herein is consistent with mutual fund sponsor or manager fee maximization, increased conf...We examine the effect of mutual fund fee structure on mutual fund exit mode and timing. The evidence presented herein is consistent with mutual fund sponsor or manager fee maximization, increased conflicts of interest for funds charging 12b-1 fees and higher management fees, and a pecking order for mutual fund exit method. Specifically, mutual fund exits that result in decreased fee income relative to exits that do not are delayed and exit strategies that retain fee income are more likely than strategies that do not.Read More
Publication Year: 2010
Publication Date: 2010-07-21
Language: en
Type: article
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Cited By Count: 1
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