Data for The sensitivity of fees on behavior of investors in open-end funds in China

In this paper we build a recent empirical work to investigate the sensitivity of fees on behavior of investors in open-end funds in China. We build a GMM model to explore the relationship between the behavior of investors and fee of open-end funds and provide a set of data from CSMAR database, which is a Chinese database offering information about listed companies of Shanghai Stock Exchange and Shenzhen Stock Exchange. It includes fund flows, operating expenses, fund returns, return variance, fund size, fund overturn and fund age. Information on repurchase fee and redemption fee are obtained from a website offering fund information(http://fund.eastmoney.com). To ensure the sufficiency and effectiveness of data the paper examined open-end funds in China for the period from 2008 to 2017. This paper uses the data and GMM model to find a different result from others. Investors expressed little interest in