𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Costs associated with mutual funds in Spain

✍ Scribed by Isabel Toledo; Rocío Marco

Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
311 KB
Volume
15
Category
Article
ISSN
1076-9307

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

This study examines the mutual fund market in Spain from the point of view of management and custodial costs. For this purpose it estimates functions explaining these fees using ordinary least squares and panel data. The results confirm that the most relevant factors in determining the management fee are the risk incurred by the managed portfolio, the level of its cash holding, and the number of shareholders in relation to the size of the fund. In addition, it highlights two aspects of the Spanish market with respect to the results obtained by similar studies in the North American market and in some European countries (Finland, Italy): first, the lack of a learning curve reducing operational costs, and, second, the lack of economies of scale in the management costs. Copyright © 2009 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

Mutual fund evaluation: a portfolio insu
Mutual fund evaluation: a portfolio insurance approach: A heuristic application in Spain
✍ José M. Chamorro; José Ma̱. Pérez de Villarreal 📂 Article 📅 2000 🏛 Elsevier Science 🌐 English ⚖ 359 KB

Usual techniques for evaluating mutual funds are based on asset pricing models (CAPM and APT) that are related to the mean-variance analysis, where risk aversion is assumed. Nonetheless we think that, at least in Spain and perhaps in continental Europe, a significant group of investors can be furthe

Hospital costs associated with agricultu
Hospital costs associated with agricultural machinery injuries in Ontario
✍ Lisa Hartling; William Pickett; John Dorland; Robert J. Brison 📂 Article 📅 1997 🏛 John Wiley and Sons 🌐 English ⚖ 51 KB

To assist those responsible for agricultural safety, we: (1) piloted an approach to costing hospitalized farm injuries; and, (2) described ambulance and inpatient costs associated with these injuries in Ontario. Hospital discharge records (hospital separations) for farm machinery injuries in Ontario

Direct costs associated with mild cognit
Direct costs associated with mild cognitive impairment in primary care
✍ Melanie Luppa; Sven Heinrich; Herbert Matschinger; Anke Hensel; Tobias Luck; Ste 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 103 KB

## Abstract ## Background/aims Little is known about the direct costs of individuals with Mild Cognitive Impairment (MCI). This study investigates the direct costs associated with MCI according to recent diagnostic criteria from a societal perspective. ## Methods Four hundred and fifty‐two prima