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The Open-End Japanese Mutual Fund Puzzle

Stephen Brown (), William Goetzmann, Takato Hiraki, Toshiyuki Otsuki and Noriyoshi Shiraishi

Yale School of Management Working Papers from Yale School of Management

Abstract: Recent empirical evidence has suggested that the Japanese mutual fund industry has underperformed dramatically in the past two decades. Conjectured reasons for under performance range from tax

Date: 1998-04-01, Revised 2008-04-01
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