Cross-fund subsidization behavior in mutual fund families

  • Hai Lan Zhang*
  • , Zhi Xin Liu
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

We investigate whether mutual fund families transfer performance across member funds to favor those more likely to increase overall family profits based on fund characteristic of fees, performance and age. We find that the cross-fund subsidization behavior is most significant between old and young funds. In the way of performance, mutual fund families have the incline to subsidize the low performance fund in our domestic market. The way of fees is insignificant.

Original languageEnglish
Title of host publication2008 International Seminar on Business and Information Management, ISBIM 2008
PublisherIEEE Computer Society
Pages141-144
Number of pages4
ISBN (Print)9780769535609
DOIs
StatePublished - 2008
Event2008 International Seminar on Business and Information Management, ISBIM 2008 - Wuhan, China
Duration: 19 Dec 200819 Dec 2008

Publication series

Name2008 International Seminar on Business and Information Management, ISBIM 2008
Volume2

Conference

Conference2008 International Seminar on Business and Information Management, ISBIM 2008
Country/TerritoryChina
CityWuhan
Period19/12/0819/12/08

Keywords

  • Cross-subsidization
  • Fees
  • Fund family

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