TY  - BOOK
AU  - English II,Philip C.
AU  - Dukes, William P.
AU  - Demiralp,   Ilhan
TI  - Mutual Fund Exit and Mutual Fund Fees
SN  - 00222186
AV  - HB73 JOU 
PY  - 2011///
CY  - Chicago
PB  - University of Chicago Press
KW  - Asset management
KW  - Business liquidation
KW  - Fees
KW  - Fiduciary management
KW  - Fixed costs
KW  - Investment strategies
KW  - Money management
KW  - Mutual funds
KW  - Portfolio management
N2  - We examine the effect of mutual fund fee structure on mutual fund exit mode and timing. The evidence presented herein is consistent with fee maximization by mutual fund sponsors or managers, increased conflicts of interest for funds charging 12b-1 fees and higher management fees, and a pecking order for mutual fund exit method. Specifically, mutual fund exits that result in decreased fee income are delayed relative to exits that do not and exit strategies that retain fee income are more likely than strategies that do not
UR  - https://doi.org/10.1086/658492
ER  -