Is significance we are keeping the level of the significance here is 0. Assets are in the positive form and they show that if the asset of the fund increases so it means that the impact of this on the growth of the fund is positive and it contribute in the growth of the mutual fund. We also consult some of the conflicting matters with the course instructor.
It needs to be noted that these null hypotheses could be rejected either because the funds charging the Management fee over perform or because they under perform. ERi is the expense ratio of fund iless the management fee from all the expenses.
We further check out the relation of the family assets and the return on the funds with the performance of the funds.
In accordance with past findings, this control variable is hypothesized to have a positive sign and does take a positive sign.
There is no difference of the expense ratios of the funds on the growth of the mutual funds. The older a fund, the more well known the fund is to the investing public and the easier it will be to sell the fund. As far as the collection of the data is concerned so we consult many sources for the collection of the data.
Pakistan is not an exception to this global trend and even though mutual funds form a comparatively small segment of the securities markets, they have grown phenomenally over the last few years. It is therefore in the interest of management to grow the total assets in the fund and in the associated fund family.
In their view the mutual fund industry is dominated by conflicts of interest where the mutual fund boards fail to negotiate arms-length management contracts with asset managers. If it is found that the management fee is not supporting the growth of the mutual funds of shareholders, the other alternative is that the fee is in the favor of the fund management.
We similarly consult some of the related articles for this purpose, which can be seen from the references. If we assume fixed effects, we impose time independent effects for each entity that are possibly correlated with the regressors. It is now widely accepted that there is a direct correlation between economic growth and the development of the financial sector.
Lastly according to this model, value of Lassets is positive and the significant level is good which shows the Lassets significant.
FEEi is the level of the Management fee. Essentially they argue that brokers provide some combination of resolving asymmetric information for investors and providing a needed service in completing and maintaining the required records in order to complete the investing process. It is expected that the null hypothesis will be rejected and that this variable will have a positive sign which is generally the case.
But is it working well for the growth of the mutual funds which funds are being charging this fee. The major contribution of this paper is to determine whether the facts are more consistent with the investors or the managers being the beneficiaries for mutual funds.
We use two models for the interpretation of the data. It may be that after the Management fee is removed from the expense ratio the fund has lower expenses than other funds. Since the composition of the funds is not publicly known therefore it is not possible to analyze this issue any further.
The greater the turnover, the greater the cost of operating the fund. If there is persistent over performance, the over performance is in the interest of the investors.
In these determinants of the mutual funds which can affect the growth of the mutual fund we are focusing on the management fee, the main focus is on the charging of the management fee and its impact on the growth.
Similarly Ang, Chen and Lin argue that the primary benefit that managers can provide to the shareholders is the reduction of expenses.This study is actually about the mutual fund growth and the determinants which are influencing on the growth of these funds.
We ask whether the growth of funds is influences by the management fee. Comparison between Islamic and Conventional Mutual Funds in Pakistan analyze small cap growth stock sector of mutual fund Main determinants of mutual fund.
This study is actually about the mutual fund growth and the determinants which are influencing on the growth of these funds.
We ask whether the. determinants of mutual fund growth. Restrictions on competing products acted as a catalyst for the development of money market and (short-term) bond funds.
International Research Journal of Finance and Economics - Issue 54 76 Increased number of mutual funds all over the world, mainly in developed countries, is an.
The growth of the mutual funds which we have examined here is based on the determinants which are affecting the growth of the for Pakistan mutual fund.Download