search query: @author Klumpes, P. J. M. / total: 5
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| Author: | Klumpes, P. J. M. |
| Title: | The determinants of the intermediary spread: Evidence from Australian, UK and USA-based international equity funds |
| Journal: | Journal of Business Finance and Accounting
1998 : SEP-OCT, VOL. 25:7-8, p. 795-812 |
| Index terms: | UNIT TRUSTS PERFORMANCE MEASUREMENT |
| Freeterms: | INTERMEDIARY SPREAD MUTUAL FUND PERFORMANCE |
| Language: | eng |
| Abstract: | Based on Brennan's equilibrium model of the pricing of retail financial products which assumes that search costs of investors are non-trivial and cause the demand for mutual funds to be inelastic, thus creating an intermediary spread, this study develops and tests a new measure of mutual fund performance. |
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