Abstract
Asset management firms engage in three major types of activities: the core activity of making and implementing investment decisions, client acquisition, and development and support efforts that facilitate and enable the other two activities. Transaction costs link all three activities. As we show in this chapter, the judicious management of transaction costs creates opportunities to increase investment returns, improve profitability and better target investor clienteles.
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© 2013 SimCorp StrategyLab
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Amihud, Y., Mendelson, H. (2013). Transaction Costs and Asset Management. In: Pinedo, M., Walter, I. (eds) Global Asset Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137328878_22
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DOI: https://doi.org/10.1057/9781137328878_22
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-46058-8
Online ISBN: 978-1-137-32887-8
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