The 'Many Faces' of Mutual Fund Revenue Sharing

Journal of Index Investing, Vol. 5, No. 3, pp. 59-72, Winter 2014

Robert H. Smith School Research Paper No. RHS 2533527

14 Pages Posted: 7 Dec 2014 Last revised: 27 May 2015

See all articles by John A. Haslem

John A. Haslem

University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: December 3, 2014

Abstract

The objective of this article is to take some of the mystery out of mutual fund revenue sharing, but without being able to say investors have transparent disclosure. It appears that most in the world of regulation and practice of revenue sharing lacks clarity, consistency, proper redress, and investor transparency, such as the so-called direct distribution of revenue-sharing payments from mutual fund adviser profits.

Keywords: mutual funds, revenue sharing payments, regulation, opacity, direct distribution, directed brokerage, 12b-1 fees, defensive 12b-1 fees, 401(k) plans, Schwab, Edw, Jones, SEc, Morgan Stanley

JEL Classification: G2, G23, G28

Suggested Citation

Haslem, John A., The 'Many Faces' of Mutual Fund Revenue Sharing (December 3, 2014). Journal of Index Investing, Vol. 5, No. 3, pp. 59-72, Winter 2014; Robert H. Smith School Research Paper No. RHS 2533527. Available at SSRN: https://ssrn.com/abstract=2533527

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742
United States
202-387 2025 (Phone)

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