Incentive Fees: erfolgsabhängige Vergütungsmodelle deutscher Publikumsfonds

Norbert Kluß, Markus König and Heinz Cremers

No 45, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

Abstract: This paper analyzes the current use of incentive-fee-concepts for mutual funds in Germany. Following an empirical analysis about the relevance of these methods, the different methods of calculation and the influence of different parameters are described. Further on it explains the impacts of possible basis of assessment, the clearing period and the opportunities of carrying back the obtained performance from the investor's point of view.

Keywords: Incentive Fee; Performance Fee (search for similar items in EconPapers)
JEL-codes: G11 G19 G21 G29 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fsfmwp:45

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