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Article: The components of mutual fund fees

TitleThe components of mutual fund fees
Authors
Gao, XLivingston, M
Issue Date2008
PublisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/FMII
Citation
Financial Markets, Institutions And Instruments, 2008, v. 17 n. 3, p. 197-223 How to Cite?
DOI: http://dx.doi.org/10.1111/j.1468-0416.2008.00139.x
AbstractSeveral research studies have found that mutual fund expense ratios decline as funds get larger. This paper decomposes the annual expense ratios of actively managed domestic equity funds into their component fees. Most of the observed decline in total expense ratios comes from the small fees paid to outside service providers and the large majority of this decline occurs for the smallest one third of funds. The largest component of the expense ratio, advisory fees, is essentially constant for larger funds. The second largest component, marketing fees, increases as fund assets grow. Journal compilation © 2008 New York University Salomon Center.
Persistent Identifierhttp://hdl.handle.net/10722/60183
ISSN
0963-8008
2020 SCImago Journal Rankings: 0.386
SSRN
1162413
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorGao, Xen_HK
dc.contributor.authorLivingston, Men_HK
dc.date.accessioned2010-05-31T04:05:24Z-
dc.date.available2010-05-31T04:05:24Z-
dc.date.issued2008en_HK
dc.identifier.citationFinancial Markets, Institutions And Instruments, 2008, v. 17 n. 3, p. 197-223en_HK
dc.identifier.issn0963-8008en_HK
dc.identifier.urihttp://hdl.handle.net/10722/60183-
dc.description.abstractSeveral research studies have found that mutual fund expense ratios decline as funds get larger. This paper decomposes the annual expense ratios of actively managed domestic equity funds into their component fees. Most of the observed decline in total expense ratios comes from the small fees paid to outside service providers and the large majority of this decline occurs for the smallest one third of funds. The largest component of the expense ratio, advisory fees, is essentially constant for larger funds. The second largest component, marketing fees, increases as fund assets grow. Journal compilation © 2008 New York University Salomon Center.en_HK
dc.languageengen_HK
dc.publisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/FMIIen_HK
dc.relation.ispartofFinancial Markets, Institutions and Instrumentsen_HK
dc.titleThe components of mutual fund feesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0963-8008&volume=17&spage=197&epage=223&date=2008&atitle=The+Components+of+Mutual+Fund+Feesen_HK
dc.identifier.emailGao, X: xiaohui@hku.hken_HK
dc.identifier.authorityGao, X=rp01062en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1111/j.1468-0416.2008.00139.xen_HK
dc.identifier.scopuseid_2-s2.0-47749140379en_HK
dc.identifier.hkuros162760en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-47749140379&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume17en_HK
dc.identifier.issue3en_HK
dc.identifier.spage197en_HK
dc.identifier.epage223en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.ssrn1162413-
dc.identifier.scopusauthoridGao, X=55367298000en_HK
dc.identifier.scopusauthoridLivingston, M=16421333700en_HK
dc.identifier.citeulike3023311-
dc.identifier.issnl0963-8008-

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