Published in:Economic Research Initiatives at Duke (ERID) Working Paper ; No. 8
Extent:
1 Online-Ressource (44 p)
Language:
Not determined
DOI:
10.2139/ssrn.1265103
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2, 2008 erstellt
Description:
We evaluate the performance of 51 mutual fund families based on a study of their diversified US managed mutual funds over an 11 year period and explore the determinants of performance gross of published expenses. We find that mutual fund families which charge loads, high expenses to their most favored investors and have high turnover tend to perform badly, even gross of these fees. However, gross of published expenses, managed mutual fund portfolios of those families without loads, with low expenses in their least expensive class, and with low average turnover beat the corresponding indexes