Disclosure and Search Costs: The Case of Retail S&P 500 Index Funds

2009 ◽  
Author(s):  
Jeffrey L. Callen ◽  
Xinghua Liang
Keyword(s):  
Search Costs ◽  
Index Funds

scholarly journals Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds

2009 ◽  
Vol 23 (4) ◽  
pp. 1405-1432 ◽  
Author(s):  
James J. Choi ◽  
David Laibson ◽  
Brigitte C. Madrian
Keyword(s):  
Mutual Funds ◽  
Financial Literacy ◽  
High Weight ◽  
Search Costs ◽  
Law Of One Price ◽  
Index Funds ◽  
The Law

Abstract We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500 index funds and are rewarded for their portfolio's subsequent return. Subjects overwhelmingly fail to minimize fees. We reject the hypothesis that subjects buy high-fee index funds because of bundled nonportfolio services. Search costs for fees matter, but even when we eliminate these costs, fees are not minimized. Instead, subjects place high weight on annualized returns since inception. Fees paid decrease with financial literacy. Interestingly, subjects who choose high-fee funds sense they are making a mistake.

Uses of Futures and Index Funds

1998 ◽  
Vol 1998 (6) ◽  
pp. 111-116 ◽  
Author(s):  
James R.C. Woodlock
Keyword(s):  
Index Funds

Index Funds and Stock Market Growth

CFA Digest ◽  
2003 ◽  
Vol 33 (3) ◽  
pp. 65-66
Author(s):  
Keith H. Black
Keyword(s):  
Stock Market ◽  
Index Funds ◽  
Market Growth

Can Inventory Index Funds Improve Active Equity Performance?

1978 ◽  
Vol 34 (3) ◽  
pp. 34-36 ◽  
Author(s):  
Wayne H. Wagner ◽  
Carol A. Zipkin
Keyword(s):  
Index Funds

Startup Search Costs

2018 ◽  
Author(s):  
David P. Byrne ◽  
Nicolas de Roos
Keyword(s):  
Search Costs

Search Costs, Market Structure and Interest Rate Dispersion

2005 ◽  
Author(s):  
Alfredo Martin Oliver ◽  
Jesus Saurina Salas ◽  
Vicente Salas-Fumás
Keyword(s):  
Interest Rate ◽  
Market Structure ◽  
Search Costs
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