Effect of Fund Managers' Characteristics on Mutual Funds Performance and Fee in Emerging Market of Paksitan

Arif, Imtiaz and Jawaid, Tehseen (2011): Effect of Fund Managers' Characteristics on Mutual Funds Performance and Fee in Emerging Market of Paksitan. Published in: Global Management Journal for Academics and Corporate Studies , Vol. 1, No. 1 (2011): pp. 40-45.

Abstract

This study investigates the relationship between mutual fund performance and fund manager’s characteristics by using quarterly data of 14 open end equity mutual funds during 2005(8) to 2008(8). Data were collected from the database of Mutual Funds Association of Pakistan (MUFAP) keeping age, management fee, fund size, team size, and experience as variables. Through the regression analysis, the results indicate that management fee has positive & significant impact on risk and negative & significant impact on return. In addition, certification has also significant & positive impact on return whereas the team management and experience have no effect on the management fee of the EMF managers. It is suggested that mutual funds with high management fee should be avoided and investor should prefer those mutual funds which are administered by professionally certified managers.

• Item Type: MPRA Paper
• Language: English
• Keywords: Equity mutual fund, risk, return, management fee
• Subjects: G - Financial Economics > G0 - General; G - Financial Economics > G0 - General > G00 - General; G - Financial Economics > G0 - General > G02 - Behavioral Finance: Underlying Principles

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