The missing new funds

• Main Author: Zhu, Qifei
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2022
• Subjects: Business::Finance; Mutual Funds Holding Data; Selection Bias
• Online Access: https://hdl.handle.net/10356/161279
• Institution: Nanyang Technological University

Many papers in the mutual fund literature rely on a sample that matches the Center for Research in Security Prices (CRSP) mutual fund database with the fund holdings data from Thomson Reuters (TR) s12 database. I document that about 58% of newly founded U.S. equity mutual fund share classes in the C...