Publication: Is it worth paying high fee? The evidence from bank affiliated mutual fund
Issued Date
2018-12-01
Resource Type
ISSN
23935162
18436110
18436110
Other identifier(s)
2-s2.0-85061947789
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Mahidol University
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SCOPUS
Bibliographic Citation
Journal of Applied Economic Sciences. Vol.13, No.7 (2018), 2107-2113
Suggested Citation
Woraphon Wattanatorn, Sarayut Nathaphan, Kedwadee Sombultawee Is it worth paying high fee? The evidence from bank affiliated mutual fund. Journal of Applied Economic Sciences. Vol.13, No.7 (2018), 2107-2113. Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/45344
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Title
Is it worth paying high fee? The evidence from bank affiliated mutual fund
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Abstract
© 2018, ASERS Publishing House. All rights reserved. This study aims to answer to a straightforward question “Is it worth paying high fee?” Based on the mutual fund industry in Thailand between 2008 and 2018, our results show that although mutual fund charges fees differ by its investment objective, we fail to find a difference in return. Further, the results show that the relationship between bank-mutual funds affect both fees and performance of funds. Our findings demonstrate that although non-bank-related funds charge significantly higher fees than bank-related funds, they generate lower return to their investors than bank-related funds.