The structure of mutual fund charges
Article Abstract:
Aggressive growth funds are sensitive to cash flows and are likely to rely on fees to dissuade redemptions since they hold more of the smaller, less liquid stocks. A study seeking to explain the diversity in investment strategies and fees of open-end mutual funds revealed that front- and back-end load fees dissuade redemptions in open-end funds and that funds hold more cash when uncertainty about redemptions exist. These findings are consistent with the predictions of the securities market model.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1996
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Earnings and price momentum
Article Abstract:
A study on relationship between earnings momentum and price momentum with relation macroeconomic activities is presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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Predicting stock returns
Article Abstract:
The role of business cycle predictors in investor's ability to predict stocks returns is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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