Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude
Publication
, Journal Article
Tower, E; Zheng, W
Published in: International Review of Economics
October 6, 2008
We evaluate the performance of 51 mutual fund families based on a study of their diversified US managed mutual funds over an 11-year-period and explore the determinants of performance gross of published expenses. We find that mutual fund families which charge loads, high expenses to their most favored investors and have high turnover tend to perform badly, even gross of these fees. However, gross of published expenses, managed mutual fund portfolios of those families without loads, with low expenses in their least expensive class, and with low average turnover beat the corresponding indexes. © Springer-Verlag 2008.
Duke Scholars
Published In
International Review of Economics
DOI
EISSN
1863-4613
ISSN
1865-1704
Publication Date
October 6, 2008
Volume
55
Issue
4
Start / End Page
315 / 350
Related Subject Headings
- 14 Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Tower, E., & Zheng, W. (2008). Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude. International Review of Economics, 55(4), 315–350. https://doi.org/10.1007/s12232-008-0052-7
Tower, E., and W. Zheng. “Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude.” International Review of Economics 55, no. 4 (October 6, 2008): 315–50. https://doi.org/10.1007/s12232-008-0052-7.
Tower E, Zheng W. Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude. International Review of Economics. 2008 Oct 6;55(4):315–50.
Tower, E., and W. Zheng. “Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude.” International Review of Economics, vol. 55, no. 4, Oct. 2008, pp. 315–50. Scopus, doi:10.1007/s12232-008-0052-7.
Tower E, Zheng W. Ranking mutual fund families: Minimum expenses and maximum loads as markers for moral turpitude. International Review of Economics. 2008 Oct 6;55(4):315–350.
Published In
International Review of Economics
DOI
EISSN
1863-4613
ISSN
1865-1704
Publication Date
October 6, 2008
Volume
55
Issue
4
Start / End Page
315 / 350
Related Subject Headings
- 14 Economics