Fund Tradeoffs
收藏NBER2017-08-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w23670
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资源简介:
We study tradeoffs among active mutual funds' characteristics. In both our equilibrium model and the data, funds with larger size, lower expense ratio, and higher turnover hold more-liquid portfolios. Portfolio liquidity, a concept introduced here, depends not only on the liquidity of the portfolio
提供机构:
美国国家经济研究局
创建时间:
2017-08-01



