Mutual Fund Incentive Fees: Determinants and Effects

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31 March 2010
Source: Financial Management
Danilo Drago Valter Lazzari Marco Navone

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Summary

Mutual fund incentive fees in the Italian mutual fund industry appear to result from efficient and rational contacting in an industry characterized by information asymmetries rather than as a result of risk-taking behavior on the part of mutual fund managers.

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