How Does Size Affect Mutual Fund Performance? Evidence from Mutual Fund Trades
This paper uses a unique sample of actual fund trades combined with fund portfolio holdings to investigate why larger mutual funds underperform smaller-size funds. Contrary to the idea that larger funds experience greater transaction costs, we find precisely the opposite: larger funds experience low...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research_smu/154 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1260&context=lkcsb_research_smu |
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| Institution: | Singapore Management University |
| Language: | English |