EconPapers    
Economics at your fingertips  
 

The Components of Mutual Fund Fees

Xiaohui Gao and Miles Livingston

Financial Markets, Institutions & Instruments, 2008, vol. 17, issue 3, 197-223

Abstract: Several research studies have found that mutual fund expense ratios decline as funds get larger. This paper decomposes the annual expense ratios of actively managed domestic equity funds into their component fees. Most of the observed decline in total expense ratios comes from the small fees paid to outside service providers and the large majority of this decline occurs for the smallest one third of funds. The largest component of the expense ratio, advisory fees, is essentially constant for larger funds. The second largest component, marketing fees, increases as fund assets grow.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1468-0416.2008.00139.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:finmar:v:17:y:2008:i:3:p:197-223

Access Statistics for this article

More articles in Financial Markets, Institutions & Instruments from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2025-05-08
Handle: RePEc:wly:finmar:v:17:y:2008:i:3:p:197-223