European Business Schools Librarian's Group
ESSEC Working Papers,
ESSEC Research Center, ESSEC Business School
No WP1102: On the origins of a Conflict of Interest in the Mutual Fund Industry
Sébastien M. Lemeunier ()
Additional contact information
Sébastien M. Lemeunier: ESSEC Business School, Postal: Avenue Bernard Hirsch - B.P. 50105, 95021 CERGY PONTOISE Cedex, FRANCE
Abstract: This article discusses conflicts of interest existing between investors and their financial advisors. Several contributions in this field treated this question in relation either with invested amount or with expected holding period of the mutual fund. Our paper considers an approach globalizing these two parameters. The first part describes the organization of mutual fund fees in the US. Thanks to a numerical simulation, the second part emphasizes the conflict of interest focusing on the expected holding period. The third one analyses the changes of variables and their consequences on characteristics of investors concerned by this conflict of interest.
Keywords: Mutual funds; Broker Dealer; Regulation; conflict of interest
21 pages, August 1, 2010
Full text files
WP1102.pdf
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