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| Author: | Brown, S.J. (et al.) |
| Title: | The Japanese open-end fund puzzle |
| Journal: | Journal of Business
2001 : JAN, VOL. 74:1, p. 59-77 |
| Index terms: | BENCHMARKING MANAGEMENT STYLES TAXATION UNIT TRUSTS JAPAN |
| Language: | eng |
| Abstract: | Over the past 2 decades, Japanese mutual funds have consistently and dramatically under-performed risk-adjusted benchmarks. In this article, the authors examine manager style, tax dilution, and manager inefficiency as three potential explanations to this puzzle. |
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