haku: @indexterm performance measurement / yhteensä: 862
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| Tekijä: | Klumpes, P. J. M. |
| Otsikko: | The determinants of the intermediary spread: Evidence from Australian, UK and USA-based international equity funds |
| Lehti: | Journal of Business Finance and Accounting
1998 : SEP-OCT, VOL. 25:7-8, p. 795-812 |
| Asiasana: | UNIT TRUSTS PERFORMANCE MEASUREMENT |
| Vapaa asiasana: | INTERMEDIARY SPREAD MUTUAL FUND PERFORMANCE |
| Kieli: | eng |
| Tiivistelmä: | 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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