Average unconstrained mutual fund portfolio turnover exceeds the turnover of other fixed income mutual funds by over 150 percent.
Source quote, verbatim
In particular, UMF turnover on average exceeds the turnover for other fixed income mutual funds by over 150 percent.
From
Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), IV.A. UMF v. Mutual Fund Characteristics, p. 41 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
Morningstar turnover data as of March 2016
comparison against all taxable bond funds, N equals 5543
Classification
empiricalsupport: evidencedempirical-evidence
Related claims
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