How do retail investors respond to summary disclosure? Evidence from mutual fund factsheets

• Main Author: Darendeli, Alper
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2024
• Subjects: Business and Management; Summary disclosure; Retail investors
• Online Access: https://hdl.handle.net/10356/181217
• Institution: Nanyang Technological University

Mutual funds regularly issue factsheets to communicate their performance in a short summary form. I investigate whether the release of factsheets in Morningstar plays a role in the trading behavior of retail investors. I find that retail investors react more to performance measures in factsheets whe...