A survey of mutual fund fees and expenses in Thailand
International Journal of Emerging Markets
ISSN: 1746-8809
Article publication date: 21 September 2012
Abstract
Purpose
The purpose of this research is to supply basic statistics of fees and expenses charged by mutual funds in Thailand, and to investigate the economic determinants of the variations in these charges.
Design/methodology/approach
The authors construct an original dataset on characteristics of Thai mutual funds from annual reports filed between 2005 and 2007, and then use statistical analysis to investigate variations in fees and expenses.
Findings
Funds that are small, entail higher risk, and offer special income tax benefits charge higher fees and expenses. Bond funds that produce high returns on investment tend to charge significantly lower fees and expenses when compared to those that produce low returns.
Practical implications
Statistics from the gathered data can help investors better evaluate Thai mutual funds. Determinants of variations in the fees and expenses can yield useful insights for policy makers regarding the competition and efficiency of the asset management industry.
Originality/value
This paper adds to a small but growing literature that investigates characteristics of the asset management industries outside of the United States and Europe.
Keywords
Citation
Na Lamphun, P. and Wongsurawat, W. (2012), "A survey of mutual fund fees and expenses in Thailand", International Journal of Emerging Markets, Vol. 7 No. 4, pp. 411-429. https://doi.org/10.1108/17468801211264324
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited