X. Zhao.Why are some mutual funds closed to new investors?.Journal of Banking and Finance. 2004Zhao, X. (2004), "Why Are Some Mutual Funds Closed to New Investors?" Journal of Banking and Finance, 28, 1867-1887X
We investigate mutual funds' decision to shut out new investors. We first document that only those closed funds that do not subsequently launch new funds can continuously deliver significantly positive objective- and size-adjusted returns up to six months after the closure. This suggests the existenc...
Financial advisorsand investors are increasingly favoring ETFs over mutual funds for their relative lower cost and tax-efficient nature. As demand rises, fund providers are racing to keep up. They can increase supply in one of three ways: by issuing more shares of existing ETFs, cre...
With 70 years of experience and over 200 million investors, we offer 10,000+ Fidelity and non-Fidelity mutual funds covering companies worldwide. Sector Funds Get targeted exposure to the stocks of companies in specific segments with the largest selection of actively managed sector funds in the ...
Mutual funds offer automatic investment plans and ETFs do not. These services facilitate regular contributions and allow investors a consistent way to grow their investments, especially for retirement. The practice of investing a set amount each month allows fordollar-cost averaging, where investors pay...
Several mutual funds provide exposure to the index, but fees and features vary more than you may think. Kate StalterApril 24, 2025 Best Growth Stocks for the Next 10 Years Short-term uncertainty can't overshadow stocks with strong long-term outlooks. ...
Hope invested $9,000 in a mutual fund when the price per share was $30. The fund has a load fee of $300. How many shares did she purchase? How mutual funds are able to give new units to new investors when underlying units is based on the ne...
ETFs are relatively low-cost investments, especially when you compare them to other vehicles like mutual funds. The major cost of owning an ETF comes from the expense ratio, which is charged to investors to hold the investment. Other fees include commissions, broker fees, and bid-ask spreads....
Open- or Closed-End Fund? Here’s How They Stack Up Open-end funds encompass all the mutual funds and exchange-traded funds you probably know well. There’s a reason why folks are drawn to them—they’re simple investments. Here’s how they work: let’s say an open-end fund has $...
5 Best Schwab Bond Funds These Schwab fixed-income funds offer low fees and reliable income for portfolio stability and diversification. Kate StalterMay 15, 2025 7 Best Safe Stocks to Buy Now Though markets look better in May, some investors are still looking for safety. ...