TY - JOUR T1 - Mutual Fund Markets Are Imperfectly Competitive JF - The Journal of Index Investing SP - 32 LP - 44 DO - 10.3905/jii.2013.4.1.032 VL - 4 IS - 1 AU - John A. Haslem Y1 - 2013/05/31 UR - https://pm-research.com/content/4/1/32.abstract N2 - 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 ER -