Copycat Funds: Information Disclosure Regulation and the Returns to Active Management in the Mutual Fund Industry
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Mutual funds must disclose their portfolio holdings to investors semiannually. The costs and benefits of such disclosures are a long-standing subject of debate. For actively managed funds, one cost of disclosure is a potential reduction in the private benefits from research on asset values.
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美国国家经济研究局创建时间：
2001-12-01
