PT  - JOURNAL ARTICLE
AU  - John A. Haslem
TI  - Mutual Fund Markets Are Imperfectly Competitive
AID  - 10.3905/jii.2013.4.1.032
DP  - 2013 May 31
TA  - The Journal of Index Investing
PG  - 32--44
VI  - 4
IP  - 1
4099  - https://pm-research.com/content/4/1/32.short
4100  - https://pm-research.com/content/4/1/32.full
AB  - The purpose of this article is to document why mutual fund markets reflect “imperfect competition.” The paper discusses fund industry and legal performance, fund distribution, fund share classes, attributes of imperfect competition, actively managed funds and index funds, fund advertising, financial literacy, and sensitivity to past performance and expense ratios, all of which support the presence of imperfect competition.TOPICS: Mutual fund performance, exchanges/markets/clearinghouses, technical analysis