October 2014

October 2014 Investment Insight, "Is the Price Right in Asset Management?"


This issue of Investment Insight examines whether higher asset-management fees correspond with higher investment returns. It considers the logic behind arguments both for and against the belief that higher fees tend to result in higher returns. It then tests this idea using advanced portfolio analysis of U.S. equity mutual fund performance over the 10-year period through 2013. The study looks at nine "Style Boxes" representing large-, mid- and small-cap funds in each of three styles:

  • Value
  • Blend
  • Growth

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