The Mutual Fund Distribution Expense Mess

Abstract:     
Holding more than $10 trillion in assets, the mutual fund industry is a powerful financial force in this country. Ninety-one million individual shareholders own mutual funds, representing about one in every two American households. The vast majority of Americans who invest in the equity markets do so through stock mutual funds; fewer than half of the nation's equity investors own stock directly. The mutual fund industry's stunning growth led one government official to muse: Could mutual fund assets surpass the value of all U.S. public companies? Probably yes, and in the not so distant future.

Number of Pages in PDF File: 93

Keywords: Corporate and Securities Law

JEL Classification: K22

Accepted Paper Series