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Mutual Fund Investors: Divergent Profiles, Alan R. Palmiter, Ahmed E. Taha
Mutual Fund Investors: Divergent Profiles, Alan R. Palmiter, Ahmed E. Taha
Ahmed E Taha
Mutual funds are owned by almost half of all U.S. households, manage over $12 trillion dollars in assets, and have become a primary vehicle for retirement and investment savings in the United States. Who are mutual fund investors? The answer is critical to regulatory policy for the mutual fund industry. Fund investors, by selecting the funds in which they invest, play a central role in determining asset allocation and in controlling the fees and expenses that funds charge. Thus, the functioning of the mutual fund market turns on the knowledge and financial sophistication of fund investors.
This article examines the …