kaal:claim:2811729-024

The high turnover rate of unconstrained mutual funds distinguishes them from other mutual funds and makes them directly comparable to private funds, which typically trade at high levels.

Source quote, verbatim

The high UMF turnover rate is a characteristic that distinguishes these funds from other mutual funds, and makes them directly comparable to private funds, which typically engage in high trading levels

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

comparison of unconstrained mutual funds with private funds on trading intensity

Classification

mechanismsupport: arguedprivate-funds

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