Unconstrained mutual funds exceed typical mutual fund trading engagements in almost all quantifiable categories, often by double or quadruple the average engagements for mutual funds as a group.
Source quote, verbatim
Figure 3 demonstrates that UMFs exceed the typical mutual fund engagements in almost all quantifiable categories. UMF trading of the referenced security and contract types clearly exceeds— indeed, is often double or quadruple the number of—the average engagements for mutual funds as a group.
From
Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), IV.A. UMF v. Mutual Fund Characteristics, p. 37 https://ssrn.com/abstract=2811729 · source PDF
Cite as
Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729
Holds when
N-SAR Question 70 filings, March 2016 for the 84 fund sample, compared with December 2015 SEC report data
Classification
empiricalsupport: evidencedempirical-evidence
Related claims
supportskaal:claim:2715083-009 Unconstrained mutual funds differ from traditional fixed income mutual funds not only in trading strategy, usi...
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