kaal:claim:2811729-034

A retail investor's experience investing in traditional mutual funds is likely to be a poor indicator of whether that investor will understand the risks of investing in an unconstrained mutual fund.

Source quote, verbatim

Accordingly, retail investors' experience investing in "traditional" mutual funds is likely to be a poor indicator of whether a retail investor will understand the risks associated with investing in a UMF.

From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), V. Policy Implications, p. 51
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

retail investors extrapolating from prior traditional mutual fund experience

Classification

failuresupport: evidencedfailure: False transfer of prior fund experiencefamily: investor-protection-gaprisk-and-incentives

Verify

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