Transaction-cost Expenditures and the Relative Performance of Mutual Funds

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John M.R. Chalmers; Roger M. Edelen; Gregory B. Kadlec;
  • Subject:
    mesheuropmc: health care economics and organizations

We directly estimate annual trading costs for a sample of equity mutual funds and find that these costs are large and exhibit substantial cross sectional variation. Trading costs average 0.78% of fund assets per year and have an inter-quartile range of 0.59%. Trading co... View more
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