Abstract
In late 2006, shortly before the financial crisis, more than 65,000 different mutual funds were sold around the globe (see ICI, 2011a) with the aim of offering investors more liquid and diversified investments at relatively low costs in comparison to direct investments in individual assets. For investors, fund fees represent the price for the described functions of the mutual funds’ value chain (chapter 4.2.2), such as management, set-up, custodian, distribution, and other services related to these funds.
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© 2014 Springer-Verlag Berlin Heidelberg
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Lang, G. (2014). Impact of the Domiciliation Decision on Fund Fees. In: Macro Attractiveness and Micro Decisions in the Mutual Fund Industry. ZEW Economic Studies, vol 47. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-39724-0_5
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DOI: https://doi.org/10.1007/978-3-642-39724-0_5
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-39723-3
Online ISBN: 978-3-642-39724-0
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