Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/201713 
Autor:innen: 
Erscheinungsjahr: 
2019
Quellenangabe: 
[Journal:] KDI Journal of Economic Policy [ISSN:] 2586-4130 [Volume:] 41 [Issue:] 2 [Publisher:] Korea Development Institute (KDI) [Place:] Sejong [Year:] 2019 [Pages:] 59-79
Verlag: 
Korea Development Institute (KDI), Sejong
Zusammenfassung: 
This study analyzes whether mutual fund distributors are more likely to recommend products with higher sales compensation to maximize their profit. The lists of the 'fund of the month' on their webpages are utilized from April of 2015 to August of 2015. A simple comparative analysis shows that the average sales fees and the average front-end load are significantly higher in the recommended funds among the A share class of domestic equity funds. The results of a regression analysis confirm that funds with high sales compensation levels are more likely to be recommended. This holds true for both domestic equity funds and hybrid bond funds even after controlling for fund age, fund size, and past returns.
Schlagwörter: 
Mutual Fund
Sales Compensation
Conflict of Interest
JEL: 
G20
G24
G28
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by-sa Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
349.86 kB





Publikationen in EconStor sind urheberrechtlich geschützt.