All in the family: Economies of scale in retail and institutional investment management

This paper examines the (dis)economies of scale related to the joint management of retail mutual funds and institutional funds (i.e., investment portfolios catering to institutional clients). Similar to well-known observations for mutual funds, the performance of institutional funds is negatively re...

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Main Authors: CHOI, Darwin, LI, Xi, YAO, Tong, ZHANG, Zhe
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2016
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在線閱讀:https://ink.library.smu.edu.sg/lkcsb_research/5304
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6303/viewcontent/Family_201701.pdf
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機構: Singapore Management University
語言: English