Why Do Index Funds Have Market Power? Quantifying Frictions in the Index Fund Market
收藏NBER2023-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31778
下载链接
链接失效反馈官方服务：
资源简介：
The number of index funds increased drastically from 2000 to 2020, driven in part by the emergence of exchange-traded funds. Yet, despite the proliferation of near-identical products, fee dispersion remains large and persistent, implying substantial market power. Motivated by evidence of strong
提供机构：
美国国家经济研究局
创建时间：
2023-10-01
