RT Journal Article
SR Electronic
T1 Mutual Fund Markets Are Imperfectly Competitive
JF The Journal of Index Investing
FD Institutional Investor Journals
SP 32
OP 44
DO 10.3905/jii.2013.4.1.032
VO 4
IS 1
A1 John A. Haslem
YR 2013
UL https://pm-research.com/content/4/1/32.abstract
AB The purpose of this article is to document why mutual fund markets reflect “imperfect competition.” The paper discusses fund industry and legal performance, fund distribution, fund share classes, attributes of imperfect competition, actively managed funds and index funds, fund advertising, financial literacy, and sensitivity to past performance and expense ratios, all of which support the presence of imperfect competition.TOPICS: Mutual fund performance, exchanges/markets/clearinghouses, technical analysis