TY  - BOOK
AU  - Tran Dieu,Linh
TI  - Impacts of Size on Mutual Funds Performance
PY  - 2019///.
							
N1  - 32
N2  - Weanalyze the impact of fund size on fund performance. Using a sample of equity funds in the French market for the period from 2002 to 2014, we obtain a U-inverse relation between these two variables. Fund performance increases first and then decreases with fund size as assets under management reach a critical size. This result highlights the conflict of interest between investors and fund managers. Being payed a percentage of assets under management, fund managers try to maximize the fund’s size. An increase in fund assets, favorable to the manager, may negatively impact fund performance. Classement JEL: G20, G23, G20
UR  - https://shs.cairn.info/journal-revue-d-economie-financiere-2018-3-page-285?lang=en&redirect-ssocas=7080
ER  -