Issues in Mutual Fund Distribution

Journal of Wealth Management, Vol. 18, No. 4, pp. 36-58, Spring 2016

https://doi.org/10.3905/jwm.2016.18.4.036

Posted: 20 May 2019 Last revised: 28 Sep 2019

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: February 7, 2016

Abstract

This article provides in-depth discussion of important issues related to mutual fund distribution. The first two topics are fund distribution channel characteristics and Rule 12b-1 fees and distribution. Distribution channel characteristics discuss direct channel, advice channel, retirement channel, institutional channel, supermarket channel, and multiple-share classes. The discussion of Rule 12b-1 fees and distribution covers adoption of Rule 12b-1, Rule 12b-1 after adoption, current 12b-1 fees, issues with 12b-1 fees, and summary of 12b-1 fees attributes. The remaining topics include direct-sold and broker-sold services, Rule 12b-1 fees and revenue sharing, revenue sharing issues, soft-dollar trading, distribution and flows, opacity and agency conflicts, expense shifting agency conflicts, and intermediated distribution and portfolio managers.

JEL Classification: G2, G23, G28

Suggested Citation

Haslem, John A., Issues in Mutual Fund Distribution (February 7, 2016). Journal of Wealth Management, Vol. 18, No. 4, pp. 36-58, Spring 2016. Available at SSRN: https://ssrn.com/abstract=2729013

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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